Personal Lines
Tornado Losses Will Dent P/C Earnings, Not Capital: AM Best
For now, rating agency AM Best believes that property/casualty insurers will be able to absorb losses from the recent outbreak of 30-plus tornadoes across five U.S. states, but coexisting economic ...
Tornadoes That Ripped Across Central U.S. Could Be Costliest Outbreak on Record
A group of tornadoes that tore across the central U.S. on Dec. 10 and 11 resulted in widespread damage in several states and could serve as the nation's costliest tornado outbreak on record. "Based ...
Climate Change Worsened Extreme Weather Across the Globe in 2021
Extreme weather events in 2021 shattered records around the globe. Hundreds died in storms and heatwaves. Farmers struggled with drought, and in some cases with locust plagues. Wildfires set new ...
Toyota Starts Offering Auto Cover With Farmers-Owned Toggle in 5 States
Automaker Toyota's insurance arm has begun selling its first branded insurance coverage, Toyota Auto Insurance, in Arizona, Illinois, Indiana, Ohio and South Carolina, and will soon be offering the ...
Executives On The Move at AIG, AXIS, W.R. Berkley and Liberty Mutual
AIG chose a new Chief Human Resources Officer. AXIS Insurance appointed a new head of its U.S. Excess Casualty team. W. R. Berkley Corporation picked a new head for the Lloyd's managing agent for W. ...
State Auto Innovation Exec Garland Will Lead Company After Liberty Mutual Closes Acquisition
State Auto Financial Corp. will have a new leader with experience in startups, innovation and restructuring once Liberty Mutual closes its $1 billion acquisition of the carrier in 2022. Kim Garland, ...
Multicover Is Coming, But Are North American Carriers Prepared to Deliver?
As we approach 2022, North American insurers face a daunting set of challenges. They're beset by well-backed, nimble upstarts like Lemonade, who are eager to grab an increasing share of business, ...
Usage-Based Car Insurance Could be Part of Stellantis Auto Software Strategy
Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.5 billion) in annual revenue from related products and subscriptions as it takes aim ...