Personal Lines
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 codes are making a difference ...
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 abate. The National Highway Traffic ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
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 exposure in the Sunshine State ...
AM Best Says Tower Hill ‘Rearranging the Furniture’; Faces Surplus, Capital Problems
The downgrade of one of Tower Hill's insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest Florida, has led to new speculation that Tower ...
Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%
Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of ...
Historic Homes May Prove to Be More Resilient Against Floods
Whenever historic homes get flooded, building contractors often feel compelled by government regulations to rip out the water-logged wood flooring, tear down the old plaster walls and install new, ...
Viewpoint: How Progressive’s Relationship With ‘The Robinsons’ Could Be at Risk
Progressive offered a rare look inside its strategic playbook in a recent second-quarter earnings report. Describing the firm's market share in key customer segments, the report highlighted one group ...