News
State Farm Underwriting Loss Climbs to $14B
When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant's history. A year later, and another record. The underwriting loss figure climbed to ...
Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch
Fitch Ratings said it expects underwriting results for U.S. personal auto insurer to continue to improve this year but the pace to profitability will vary. Auto insurers Progressive and GEICO were ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Insurance Journal’s Jergler Named Editor of Claims Journal
Claims Journal, a Wells Media Company, has named Don Jergler as editor. He succeeds Jim Sams who retired in January. Jergler has covered the insurance industry for over 20 years and holds multiple ...
Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’
Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million for the full year but its chief executive said the company has seen "dramatic ...
Gas Stoves May Emit More Nanoparticles Than Car Exhausts, and Other Risk Alerts
Cooking on a gas stove can emit more nano-sized particles into the air than vehicles that run on gas or diesel, possibly increasing the risk of developing asthma or other respiratory illnesses, a new ...
Triple-I: Lawsuit Abuse Adding to Auto Insurance Rate Hikes
Increasing litigation is adding to rate hikes in auto insurance coverage, according to a new report by the Insurance Information Institute (Triple-I). The excessive litigation has compounded the ...
Intense Blizzard to Hit Parts of California
Blizzard conditions can be expected throughout the northern portion of California beginning Thursday, February 29, and running through the weekend, according to a National Weather Service alert. The ...
Toyota Recalls 381,000 Tacoma Pickups Due to Rear Axle Parts That Could Fall Off
Toyota is recalling about 381,000 Tacoma midsize pickup trucks in the U.S. because a part can separate from the rear axle, increasing the risk of a crash. The recall covers certain trucks from the ...