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Texas ID Restrictions Could Prevent Illegal Immigrants in U.S. From Buying, Registering Vehicles
The Texas Department of Motor Vehicles is implementing more stringent photo identification requirements for all vehicle registrations and renewals in an abrupt shift that could shut out immigrants ...
AM Best Downgrades State Farm Mutual Auto
AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best's assessment of the group's ...
Artificial Intelligence on Trial: What Recent Lawsuits Reveal About Casualty Exposure
In recent years, the debate around artificial intelligence has shifted from speculation about future capabilities to urgent conversations about real-world impact.
Almost 90 percent of commercial fleets use telematics systems. Yet commercial auto insurance has posted combined ratios above 100 in 12 of the last 13 years. Life could not have been better for Merritt Farren. After a high-level career as Amazon's Associate ... Commercial lines underwriting is at a critical turning point. Traditional models built on manual ... "There was nobody there." That was part of the simple answer Terrence McLean, chief executive officer of SageSure, provided when asked ... Reciprocal insurance exchanges have been increasingly popular in recent years, with third-party investor interest in the fee-for-service businesses that manage RIEs and ... If negotiation is the job, as Ronald Morrison wrote in the first article of this series, then the first offer is often the moment that defines success. "Everything is a negotiation," says leadership expert John Burrows. Whether you're working on a multimillion-dollar M&A deal, arguing for a better salary during a job ... Consumer expectations are fundamentally reshaping how insurance is delivered and experienced. Rather than purchasing insurance as a separate transaction, today's ... A group of insurance executives met recently for a company meeting. Following their discussions of sales and product development plans, they attended training to become ... In states such as Florida, Texas and Louisiana that have experienced numerous weather-related challenges and heavy claims activity in the last decade, newly established ... Since 2022, the landscape of coverage litigation in U.S. district courts has shifted significantly, signaling new challenges and opportunities for property/casualty ... Despite devastating California fires causing upward of $40 billion in losses for U.S. property/casualty insurers, the industry still managed an underwriting profit of ... JPMorgan Chase & Co.'s decision to let managers use artificial intelligence for help writing performance reviews stands to bring relief to one of bosses' most dreaded ... For decades, underwriting was defined by manual processing and a great deal of paperwork. Broker submissions typically arrived by email, requiring underwriters or their ... The fastest way to lose a room is to start talking before you've said anything worth hearing. Whether ... For decades, personal lines insurance has taken a repair-and-replace approach to our business. As president of Nationwide's Personal Lines, I've seen the impact this ... Chubb announced that Bill Hazelton has been appointed to Chief Operating Officer for North America Field Operations, effective Dec. 1, 2025. Gather a group of 20, 30 or even 50 P/C insurance executives in a room and ask, "Who here wants their company to miss achieving its strategic goals?" or "Who wants to ... Like many legacy sectors, the insurance industry has long relied on structured courses and compliance modules to onboard and train new employees. Such an approach ... U.S. insurers face significant operational and compliance challenges as they adapt to evolving NAIC reporting requirements. With updates ...
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth
Analysts' projections of slower growth and smaller underwriting margins ahead for personal auto insurers started to play out ever so slightly in third-quarter results of two giant auto insurers this ...
Why Insurance Telematics Integrations Fail
The Good Neighbor
Rebuilding Commercial Lines Underwriting: Smarter, Simpler and More Strategic
How One MGU Grew Fivefold When Capacity Fled Cat-Prone Property Markets
Why Reciprocal Insurance Exchanges Are Back in Fashion
The LA Fires Destroyed 11,000 Homes. Less Than 10% Have Permits to Rebuild
Of the thousands of residents needing to rebuild after this year's California wildfires, Andy Weyman would seem especially well positioned. The TV and stage director had remodeled his Malibu home ...
The Power of the First Offer: Anchoring, Evidence and the Battle for Perception
Suspect Chased 170 Miles Through 4 California Counties Before Escaping into Mexico
In Southern California, where police pursuits are common, this was one for the books. A suspect in an allegedly stolen minivan led authorities on a two-hour, 170-mile (274-kilometer) chase through ...
Making Auto Insurance Affordable: Industry Executives Celebrate Florida Reforms
During earnings conference calls this week—one on Election Day, and the other two days later—leaders of two large personal lines insurers commented on affordability issues, highlighting the ...
Truckers Seek Detours Around Rising Costs and Litigation
The COVID-era boom in trucking is definitely over. The trucking sector is experiencing one of its most challenging times, with trucking operators' profitability dropping across all sectors, total ...
Former Teacher Shot by Student, 6, Wins $10M Jury Verdict Against Ex-Administrator
A jury in Virginia awarded $10 million Thursday to a former teacher who was shot by a 6-year-old student, siding with her claims in a lawsuit that an ex-administrator ignored repeated warnings that ...
The Art of Negotiation: Benchmark, Bundle, Trade
Breaking News: Neal Not Joining AIG As Previously Planned
In a brief statement, American International Group Inc. said John Neal will not be joining the company as president next month due to personal circumstances. The statement did not elaborate on the ...
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of "top-tier underwriting talent" across the company. ...
Getting the Embedded Ecosystem Right
Insurance a Factor in Rise of Annual Homeownership Hidden Costs to $16K: Report
The average homeowner pays $15,979 per year for insurance, maintenance, and property taxes, according to new research from online real estate platform Zillow and home repair project platform ...
Insurance Leaders Can Leverage AI to Become Industry Influencers
Unique Structure of Reciprocal Insurance Exchanges Offers Release Valve on Pressurized Markets
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance
American International Group Inc.'s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the ...
Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims
A few years ago, in the early 2020s, it was not unusual to hear about or even see roofing workers in Florida deliberately manipulating roof shingles to make it appear that the roof was damaged by ...
Evolving Trends in Coverage Litigation: What Carriers Need to Know
Federato Launches Tech to Tackle Underwriter Fears of Falling Behind
Federato, an InsurTech focused on underwriting intelligence, has launched an agentic AI platform designed to help insurers harness technology to assess, quote, and manage risk. The new solution aims ...
Best Quarter in a Quarter Century: S&P GMI U.S. P/C Q3 Analysis
With a combined ratio of 89.1 for third-quarter 2025, the U.S. property/casualty insurance industry had its best quarter in at least a quarter of a century—and maybe longer, S&P Market ...
U.S. E&S Outlook No Longer Positive: AM Best
AM Best has revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced in mid-November. The change comes as rates soften and ...
Everest Refocusing as Reserve Charge Hits Earnings; Buying $1.2B ADC
Bermuda-based Everest Group, Ltd. published three announcements yesterday—one detailing a third-quarter income decline, and others describing actions to sharpen the company's focus on its core ...
6 Warning Signs for Insurers: How to Anticipate, Respond to Pipe Freezes
The polar vortex and related harsh weather conditions in many parts of the U.S. last winter led to elevated risks of pipe-freeze incidents from the Northeast and Midwest all the way down through the ...
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24
As a group, the top 50 global property/casualty insurers grew premiums by 8.3 percent in 2024, but four of them, individually, grew by more than 20 percent, including Progressive which vaulted into ...
7 Years of Double-Digit Growth; New Players on Top 25 E&S Insurers List
2024 marked the 7th straight year of double-digit growth for the U.S. excess and surplus lines market, but the top 25 players no longer command 70 percent of the pie, according to a new report. AM ...
Analysis: State Farm Bolsters Surplus by Freeing Up Billions in Loss Reserves
AI Is Writing Performance Reviews. What Could Go Wrong?
The Underwriter Redefined
NASCAR Driver Kyle Busch Alleges Deceptive Practices, Sues Insurer for $8.5M
Kyle Busch bought what he thought was a safe life insurance plan that would provide self-funding income for his retirement. When Pacific Life Insurance Company sent a sixth premium notice on what was ...
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG
Lloyd's of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he's no longer ...
Has InsurTech Funding Found a Floor?
Two separate reports published this month show that while quarterly InsurTech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in InsurTechs have stabilized ...
Executive Utterances: On Presenting
Preliminary Hurricane Melissa Estimates Tally Insured Losses Between $1.5B-$5B
As Jamaica and Cuba continue to pick up the pieces in the aftermath of Hurricane Melissa, the third Category 5 hurricane of the 2025 Atlantic season, new insured property loss figures range between ...
California Department of Insurance May Revoke Tesla Insurance Licenses
Elon Musk once promised that the "nightmare" experience of auto accident claimants would turn into a dream with Tesla Insurance. It hasn't, according to California's insurance regulator. Alleging ...
Executive Viewpoint: Reimagining Personal Lines Risk – Now and for the Future
Cost Cutting, AI Lead to Surge in U.S. Planned Layoffs in October
Layoffs announced by U.S. employers surged in October as companies sought to cut costs and embrace artificial intelligence, marking the highest level for the month in 22 years and suggesting labor ...
Executives on the Move at Chubb, Everest Group
PwC: Insurance Execs Say Agentic AI Leading Industry Transformation
More than half of insurance executives say generative and agentic artificial intelligence are the technological investments that will have the most transformative impact on the industry over the next ...
MGAs by the Numbers: Fronting Biz, Non-Affiliated MGAs Drive Growth
Direct premiums written by U.S. managing general agents jumped to over $114 billion in 2024, according to the latest installment of an annual research series on the MGA market. The report titled ...
Should Company Size Determine a Carrier’s ERM Practices?
The Future of Knowledge in Insurance: From Training to AI-Powered Productivity
Nonstandard Auto Insurers Continue Profit Momentum in 2025: AM Best
The nonstandard auto insurance market in 2025 certainly looks to be maintaining the momentum it gained last year, according to a new report from AM Best. The insurance industry rating agency said ...
How Gen AI Is Transforming NAIC Reporting Compliance