Personal Lines
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
Rate increases in Allstate's auto insurance business are in integral part of the insurer's overall plan to address the impact of inflation. Wednesday during a conference call with analysts to discuss ...
Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results
First-quarter 2022 insurance premiums earned grew 6.5 percent to about $11 billion at Allstate Corp., as net income was $630 million compared with a loss of about $1.4 billion during the first three ...
State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event
There wasn't a lot of talk about auto insurance at this year's annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one ...
81% of Flood Insurance Policyholders Will See Rate Increases
When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of ...
Allstate Increasing Magnitude of Auto Rate Hikes in 2022
Allstate said unfavorable non-catastrophe prior-year reserve re-estimates were approximately $160 million for first-quarter 2022, primarily driven by auto physical damage and bodily injury severity. ...
Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk
Tesla is "trying to turn a nightmare into a dream with Tesla Insurance," Chief Executive Officer Elon Musk said Wednesday. His final words during an earnings conference call that lasted more than an ...
Special Florida Insurance Session Welcomed, but Will It Come Soon Enough?
Florida's governor has yet to set a date for a special legislative session aimed at the property insurance crisis in the state, but some in the industry, while welcoming the gathering, said it may ...
UK’s Flood Re Launches Scheme to Help Homeowners Raise Resilience Against Floods
Flood Re, the joint initiative between the UK insurance industry and the UK government to promote the availability and affordability of flood insurance, has launched a proposition designed to ensure ...