Industry News
Wildfire, Hurricane Rebuilding Efforts Impeded By Tariffs: APCIA
American Property Casualty Insurance Association issued a statement on behalf of P/C insurance company members on Tuesday, the day that 25 percent tariffs on most goods from Canada and Mexico took ...
Progressive’s Margins Leave Room for Tariff Impacts; Others Ready Too
With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room to deal with the impacts of tariffs on car repair and replacement costs, the ...
Texas Lawsuit Alleges GEICO Ignores Accident Forgiveness Promise
A class action lawsuit filed in Texas alleges GEICO doesn't abide by its Accident Forgiveness program when a driver with an unblemished record gets into a first, at-fault accident. Texas resident ...
Liberty Mutual to Sunset Safeco Brand in 2026
Safeco Insurance will stop being a brand name in 2026, and Liberty Mutual Insurance will sell all of its personal lines products under the Liberty Mutual name. Safeco has been Liberty Mutual's brand ...
Introducing Berkley Embedded
W.R. Berkley Corporation announced the formation of Berkley Embedded Solutions on Monday—a business focused on delivering tailored insurance products and services to customers at the point of ...Changes at CRC Group: Rebrand and New Division Structure
CRC Group announced a strategic rebrand to unify its operations and reinforce its position as a pure-play, independent wholesale and underwriting industry leader. As part of this transition, the TIH ...
Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets
Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.'s businesses in Thailand and Vietnam in a deal that would help it boost its presence in Southeast Asia. Chubb plans to buy LMG Insurance Public ...
State Farm Stronger as Underwriting Losses Shrink—But Not in California
After reporting a $13 billion underwriting loss in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss last year—but the total for 2024 was less than half of those prior ...