Industry News
Progressive Insurance Helps First-Time Homebuyers With Down Payments
As many as 200 first-time homebuyers could receive down payment assistance up to $13,500 each thanks to Progressive Insurance. Progressive's UpPayment program is available to first-time homebuyers ...
Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW
Specialty insurance market rates declined in 2025 and during the January 1, 2026 renewals, with the pace of change exceeding expectations, according to WTW's Specialty Insurance Marketplace Survey ...
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law
Did you hear that Florida's 55-year-old "no-fault" auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent ...
Berkshire Taps Gen Re’s Shamieh to Succeed Jain as Insurance Chief, WSJ reports
Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance leader Ajit Jain, the Wall Street Journal reported on Monday, citing people familiar with the ...
Grant Thornton: Insurers See AI Gains but Face Governance Gap
Insurers are seeing gains from artificial intelligence, but many are also exposing themselves to unnecessary risks, according to a new Grant Thornton report. The independent CPA firm's 2026 AI Impact ...
Workers’ Comp Bureau of California Submits Pure Premium Filing of 10.4%
The Workers' Compensation Insurance Rating Bureau of California has submitted a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium ...
California Takes Action Against State Farm Over LA Wildfire Claims
Late last month, State Farm General Insurance Company announced enhanced commitments to customers impacted by the 2025 Los Angeles Wildfires, but the California homeowners insurer's actions were too ...
Growth Going to be Hard: Abel Talks GEICO, Berkshire Tech Transformation
"It's not going to be easy to just restart the growth engine." Berkshire Hathaway Chief Executive Officer Greg Abel was referring to a challenge ahead of auto insurer GEICO during the annual meeting ...