Industry News
RLI, GEICO Rank Among Ward’s Top 50 For 32 Years
Property/casualty insurers started to broadcast the fact that they ranked on the list of Ward's 50 top-performing insurance companies for 2022 last week, but only two were named for 32 straight ...
Progressive Corp. Records Second-Quarter Loss
Progressive Corp. said Friday it recorded a loss of about $543 million for the second quarter 2022 and a loss of $436.7 million in June. To date, Progressive is in the red with a bottom-line net loss ...
How Electric Vehicle Weights, Stopping Distances Impact Auto Claims
Consumers in the U.S. are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics. CCC Intelligent Solutions said ...
Tech Bytes: New Partnerships at American Family, Selective, Talage
American Family Insurance is partnering with Tractable to apply its artificial intelligence services. Specifically, American Family Insurance Claims Services will be using Tractable as part of its ...
Insurers Wrangle Over Amber Heard Defamation Costs
A little over a month after a jury found that actress Amber Heard had defamed ex-husband Johnny Depp, one insurer of Heard is asking a court to rule it has no obligation to indemnify her. New York ...
2021 Was Record Year For Insurance Cases: Report
With hurricane-related cases making up more than one-quarter of all insurance cases filed in federal district court last year, overall case counts neared 14,800. The number was 14,793, according to a ...
Florida’s UPC Insurance Exploring Sale or Merger
United Insurance Holdings Corp., parent company of one of Florida's largest property insurers—and one that has seen heavy losses in the last two years—announced that its board of directors is now ...
The Latest Launches from Kalepa, Stable, Betterview
Kalepa Corporation announced the launch of Kalepa Insurance Services, an insurance offering with capacity through a program partnership with specialty insurer Everspan Group. The excess casualty ...