Personal Lines
APCIA: Inflation Outpacing Premium Increases for Auto and Homeowners
U.S. insurers, already hammered by extraordinary losses caused by natural disasters, are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property ...
Why You May See Less of Progressive’s Flo In Your State
As insurers like Progressive try to catch up with auto insurance loss severity trends with rate hikes, delays in getting filing approvals in some states may prompt other actions until rate adequacy ...
Colorado Wildfire Victims Hit ‘Green’ Building Code Hurdle
Some homeowners recovering from Colorado's most destructive wildfire in history, which decimated entire neighborhoods near Denver late last year, say they could end up paying tens of thousands of ...
Homeowners Less Satisfied With Their Claims Experience: J.D. Power
Overall customer satisfaction with homeowners insurance claims fell to a five-year low, according to a new study by J.D. Power, as nearly every insurer's scores were dragged down by slower cycle ...
What About Independent Agents? Root’s Focus on Embedded Insurance, CEO Says
While he didn't say that distribution of Root Insurance products through independent agents was off the table in 2022, the InsurTech's chief executive officer did say the company is now laser-focused ...
Stopping for No Reason: Safety Officials Probing 1.7M Hondas
U.S. auto safety regulators are investigating complaints that the automatic emergency braking systems on more than 1.7 million newer Hondas can stop the vehicles for no reason. The National Highway ...
Lemonade Execs Expect ‘Peak Losses’ in 2022
With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders ...
Extreme Wildfires Expected to Increase 30% by 2050
Indonesia's peatlands, California's forests and vast swathes of Argentine wetland have all been ravaged by extreme wildfires, heralding a fiery future and the dire need to prevent it. With climate ...