Industry News
State Farm Update: More ‘Difficult but Necessary’ Decisions in California
State Farm wasn't quite done making tough decisions about writing business in California when it announced that it wouldn't accept applications for new homeowners policies in the state in May of last ...
Former Markel Group CEO Kirshner, 88, Dies
Former Markel Group CEO Alan Kirshner died on March 17, said the company. He was 88 years old. The Richmond, Va.-based insurer said that Kirshner, who was chairman and CEO of Markel Group from 1986 ...
NAIC Names Bay State Insurance Commissioner as CEO
The National Association of Insurance Commissioners over the weekend announced Massachusetts Insurance Commissioner Gary D. Anderson as the organization's chief executive officer. Anderson will start ...
J.D. Power: Homeowners Insurance Customer Satisfaction at 7-Year Low
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven-year low, according to the latest J.D. Power 2024 U.S. Property ...
Terrorist Threat to U.S. Has Reached ‘Whole Other Level,’ FBI’s Wray Warns
Terrorist threats toward the U.S. have reached a "whole other level" from the already heightened situation before the Oct. 7 attack by Hamas on Israel and its response, FBI Director Christopher Wray ...
Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates
Do motorist-assistance systems like GM's OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed ...
California Insurer of Last Resort Is Unprepared for Big Disaster
California's property insurer of last resort told lawmakers that it's financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential ...
State Farm Announces New CEO; Farney Succeeding Tipsord June 1
The State Farm Mutual board of directors has selected President Jon Farney as the company's next Chief Executive Officer. Farney will succeed retiring CEO Michael Tipsord on June 1. Farney joined ...