Personal Lines
Full Self-Driving Won’t Be Approved For Teslas This Year: Musk
Tesla Inc.'s advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said in remarks last week, which indicate the company is not yet able to ...
All The Latest Insurance Company Estimates: Hurricane Ian Losses (as of 10/20)
A recap of individual company estimates, net of reinsurance, summing to over $7.5 billion as if Oct. 20 is presented below. (Editor's Note: After the table was compiled, Munich Re disclosed its ...
Florida CFO Urges Outright Ban on AOB Agreements
In the wake of Hurricane Ian, Florida's chief financial officer has taken a hard line on insurance claims litigation, calling for an outright ban on assignments-of-benefits agreements. At a press ...
Allstate Sees Q3 Net Loss; Auto Reserve Boosts More Damaging Than Ian
Allstate expects to report a bottom-line third quarter net loss in the range of $675-$725 million and a combined ratio of 111.6, including 7.8 points from reestimates of prior year auto loss ...
Navigating Flood Insurance Challenges in a Rapidly Changing Environment
Flood insurance may be a canary in the coal mine when it comes to the lasting impacts of climate change.
Aon Edge CEO John Dickson ...
Florida Building Codes Made a Big Difference for Newer Homes in Ian, Reports Show
In the hardest-hit parts of southwest Florida, many newer structures survived remarkably intact despite Hurricane Ian's winds, suggesting that updated Florida building ...
New Data Suggests Dangerous Driving Trend Is Slowing, Slightly
Preliminary traffic data provides some hope that a rash of unsafe driving habits spawned by traffic-free roads during COVID-19 business shutdowns is beginning to ...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net
Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian, sending over $1 billion of the total to ...
Top U.S. Homeowners Insurers Minimally Exposed to Losses From Ian: Moody’s
A report from Moody's Investors Service clearly paints Ian as a loss event for Florida-only home insurers since large, national insurers have significantly reduced ...