mike LaRocco News
State Auto Extends CEO LaRocco’s Contract for 12 More Months
State Auto Financial Corp's board of directors has extended the contract of President and CEO Mike LaRocco for an extra 12 months, citing the need for "stability and continuity" in the face of ...
State Auto Loses $114.6M in Q1 Due to Investment, Catastrophe Losses
State Auto Financial Corp. lost $114.6 million in the 2020 first quarter and said its combined ratio climbed above 107. Investment and catastrophe losses were behind the results. At the same time, ...
How We’re Doing It: Defining a New Culture for Digital Transformation at State Auto
The State Auto team began a journey in 2015, when the company was at a crossroads: Continue on the path of a five- to seven-year project to stand up a new policy and billing platform, or do something ...
P/C CEO Tweets on Immigration Policy: “This Is Wrong”
Americans who took to social media to protest the treatment of the children of U.S. border-crossing immigrants included a prominent property/casualty insurance company chief executive. Joining a ...
Agents Still Rule; Consolidation Ahead, State Auto CEO Says
As part of our continuing look at the Future of Insurance (kicked off in the third-quarter edition), Carrier Management asked State Auto CEO Michael LaRocco his view on the question of how insurance ...
Growth Ahead as State Auto Exits Specialty Biz
A complete digital transformation is taking shape at State Auto Insurance, where efforts to turn around several years of underwriting losses have also meant exits of certain part of the business. ...
Standing Up a New Insurance Carrier: Super Regional State Auto Goes Digital for Real
A lot of property/casualty insurers are talking about digital transformations these days but the change taking shape at a midsized super regional carrier in Columbus, Ohio is different from the rest, ...
State Auto CEO LaRocco Wins Contract Extension, a Vote of Confidence in His Turnaround Strategy
Mike LaRocco, who took over president and CEO of State Automobile Mutual Insurance Co. in May 2015, has won the support of the company's board of directors for an extension of his contract until Dec. ...