Personal Lines
CMT Graphic Insight: I Think I’ll Drive My Tesla Instead
Telematics provider Cambridge Mobile Telematics (CMT) announced results of new research into driving trends Thursday, revealing that families that own both a Tesla and car with a combustion engine ...
P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P
For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. "We expect that ...
U.S. Vehicle Quality Hits 36-Year Low as Supply, Labor Woes Continue: J.D. Power
The quality of vehicles sold in the United States fell to a 36-year low in 2022, according to automotive consultant J.D. Power, as labor shortages and supply snags continued to impact automakers. ...
NYC, Miami, Tampa, New Orleans Tops Among Storm-Surge Exposed Cities
New York, Miami, Tampa, and New Orleans are the metro areas with the most single-family homes at risk of heavy damage from storm surge during hurricanes, according to a report released by CoreLogic, ...
Telematics Has Kept the Promise: Allstate’s Journey Continues
Telematics has been on personal insurers' radar for many years, and it has recently reached a tipping point. Nowadays, it is recognized as a necessary capability for the future success of any auto ...
Carriers Will Be Slow to Raise Limits in ‘Nuanced’ Pricing Market: CEOs
Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to ...
Agent-Focused Home Insurer Openly Closes $75M Funding Round
Boston-based Openly, an InsurTech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly ...
JAB to Acquire Fairfax’s Pet Insurance Stake in Crum & Forster, Pethealth
JAB Holding Company and Fairfax Financial Holdings Limited have announced that JAB's pet insurance business agreed to acquire all of Fairfax's interests in the Crum & Forster Pet Insurance Group ...