News
AmFam Reports Underwriting Profit for 2024
After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for the year for all property/casualty lines it writes. The improvement ...
Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2B
Insurance brokerage Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Woodruff Sawyer for $1.2 billion. Andy Barrengos, chairman and CEO of San Francisco-based Woodruff ...
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 ...
5 Tips When Sharing Corporate IT Resources With Third-Party Users
Working with outside contractors, vendors, freelancers and external stakeholders presents multiple challenges for securing data, applications and infrastructure, and for ensuring productivity and a ...
Take Down of Vehicle Hostage Scam Nets 16 Arrests in California
The California Department of Insurance is warning drivers about a vehicle hostage scam sweeping Southland, after the arrests of 16 residents involved in an alleged auto insurance fraud ring. Scams ...
California Highway Patrol Blames Drug Use, Speeding for Deadly Cybertruck Crash
Drug use and excessive speed were to blame for last year's fiery crash of a Tesla Cybertruck that killed three college students near San Francisco, the California Highway Patrol said in a preliminary ...
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 ...