Industry News
J.D. Power: Biggest Auto Customer Satisfaction Drop in 20 Years
One-third (31 percent) of auto insurance customers in the U.S. reported a rate increase in the past year, leading to a growing number participating in usage-based insurance (UBI). This has led to the ...
Major Insurers Under Scrutiny by Dems on U.S. Senate Committee
Democrats on the U.S. Senate Budget Committee launched an investigation on Friday into major insurers' "support" of new fossil fuel projects, on the heels of an industry retreat from areas prone to ...
Climate Change and Homeowners Insurance Are on a Collision Course
A summer that already has seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of homeowners insurance in the ...
Fitch: Hardening Commercial Lines Market to Continue Through 2023
This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest U.S Commercial Lines Market Update released by Fitch Ratings.. The Council ...
Farmers CEO Reverses Course to Require Hybrid Work Schedule for Employees
New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs from home by instituting a hybrid work schedule starting in September. Despite some ...
Former SCOR CEO Kessler Has Died at 71
Denis Kessler, non-executive chairman of SCOR and the reinsurer's former chief executive, died Friday at the age of 71, the company said. Kessler joined SCOR as chairman and chief executive officer ...
Branch CEO Lekas Announces Layoffs, Citing Inflation, Loss Costs
Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by Co-Founder and CEO Steve Lekas. Lekas did not announce the number of employees who were let go, but cited ...
Survey: More Americans Demonstrate Willingness to Commit Insurance Fraud
A new survey reveals Americans' tolerance for insurance fraud — and the findings might be surprising. Americans aged 45 and younger show a high level of tolerance for insurance fraud. The ...