Personal Lines
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 ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
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 ...
Allstate’s Net Income Down 50% in Q4 as Auto Claims Rise
Allstate Corp. said fourth-quarter 2021 net income plummeted 50 percent compared to results of the prior-year quarter as auto claim frequency and severity increased. Adjusted net income for Q4 was ...
Kemper Eyes Rate Hikes, Agency Cancellations After Q4 Fall
Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth-quarter financial results. Kemper Corp. reported a net ...