News
Farmers, USAA Lead Pack in Hiking Homeowners Rates in 2023: S&P
Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15 percent each to lead all other insurers. According to S&P ...
Hail, Convective Storms, Population Now Driving Billions in Losses — Is the Industry Prepared?
Hurricanes in the East. Wildfires in the West. Those are the big disasters that grab the headlines and are driving property insurance costs and cancellations, to a large degree, right? Yes, but ...
EV Industry Offers Challenges, Opportunities for Insurers
A new paper by the American Property Casualty Insurance Association (APCIA) finds that the insurance industry is responding to the needs of the transportation sector as the momentum for electric ...
Bogged by Legacy Systems, Insurers Lose Competitive Edge
New research highlights the urgency for insurance companies to shift from complex, costly legacy systems burdened with outdated technology to modern systems to remain competitive in the current ...
Judge Rules Owners Must Use Arbitration in Tesla Autopilot Case
In a victory for Tesla, a judge has ruled that a group of vehicle owners must pursue claims that the company misled about its Autopilot features in individual arbitration rather than court. The ...
Few Answers During Congressional Probe of Maui’s Wildfire and Electric Provider
Lawmakers probing the cause of last month's deadly Maui wildfire did not get many answers during last week's congressional hearing on the role the electrical grid played in the disaster. The ...
Executives on the Move at Nationwide, AIG, Selective
Selective Insurance Group said its chief financial officer, Mark Wilcox, has resigned to hold the same position elsewhere. Wilcox, also executive vice president, will leave Nov. 3. He will continue ...
Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction
Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn't mean they aren't keeping their options open due to the rising cost of premiums. According ...