Personal Lines
How Inflation Is Driving Up Loss Costs for Auto, Home Insurers
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5 percent inflation rate announced last week. Perhaps that ...
Executives on the Move at AmTrust, Great American, Markel, Fairfax
Global specialty insurer AmTrust Financial Services Inc. has announced the formation of a new leadership team for its Excess & Surplus division, promoting and expanding the roles of five ...
Progressive Says Technology Pulling Auto Safety in Opposite Directions
While automakers are making progress in including lifesaving automatic safety devices with their latest vehicles, advances in another kind of technology may be having the opposite effect on auto ...
How Data-Rich Telematics Is Accelerating the Future of Auto Insurance
Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential. Fortunately, the evolution of telematics has streamlined the ...
Another Big Insurer Stops Writing Florida Homeowners
The Florida property insurance market is showing more signs of trouble, with one of the state's largest carriers deciding to stop writing new homeowners business in the state—while also asking for ...
New Auto Insurer Sensa’s Device Analyzes Accident, Triggers Emergency Services to Crash Site
A new auto insurer is turning the tables on car manufacturers that offer insurance with their roadside and emergency services by including these accident services with its auto insurance policy. ...
The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth
Net income at The Hartford for the fourth quarter of 2021 ended at $729 million, a 36 percent increase from income of $537 million the same period a year earlier. For the year, net income was about ...
Insurer Groups Sue to Stop Washington Credit Scoring Regulations
The American Property Casualty Insurance Association, the Professional Insurance Agents of Washington, and the Independent Insurance Agents and Brokers of Washington jointly filed two legal actions ...