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Progressive Is Biggest Auto Insurer, Surpassing State Farm: S&P GMI
The numbers aren't all in, but it looks like Progressive is now the biggest private passenger auto insurer, based on an analysis from S&P Global Market Intelligence that shows Progressive ...
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
You'd have to roll back the calendar a few decades to find a time when competitive moves by the nation's biggest auto and home insurer were described with the phrase, "The big dog is off the porch." ...
Who Will Be California’s Next Insurance Commissioner?
The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a ...
Insurance Data and the Complex Loops Redefining Casualty Risk
The world is evolving at a pace that outstrips traditional casualty models. Our understanding of risk, and the insurance data we rely on to quantify it, is increasingly misaligned with how people ...
Executive Viewpoint: What Telematics Got Wrong and What It Means for Commercial Auto
In 2012, I joined Direct Line Group's motor team to help build a telematics insurance product. The idea was simple: use real driving data to move beyond crude proxies—age, postcode, ...
Tesla Premiums Soared in ’25; Loss Ratios 40 Pts. Worse Than Industry: Analysis
While auto insurance leaders reported premium growth percentages in the single digits last year, with sprinters like Progressive and Root up in the low-to-mid teens, premiums at Tesla's insurance ...
The Race for California Insurance Commissioner: Meet Patrick Wolff
Democrat and financial analyst, Patrick Wolff, built an auto and home insurance brokerage in 2001, and over the last 20-plus years, he's spent time analyzing insurance companies and insurance markets ...
Why and How Homeowners Underwriting Must Change
Excellence in homeowners insurance requires sophisticated risk management, but today's industry environment is testing the limits of traditional underwriting approaches. Weather events are occurring ...
Severe Convective Storm Losses Surge
Severe convective storms (SCS) were once referred to by the insurance market as a secondary peril. This classification has since changed to "frequency peril," as in recent years they drove over $50 ...
Cyber Insurance Market Faces Pressure as Claims Severity Climbs
While the cyber insurance market is seeing more capacity and increased competition, insurers are still battling with the challenge of increasing frequency and severity of claims, according to John ...
The Race for California Insurance Commissioner: Meet Jane Kim
Democrat Jane Kim, an attorney and consumer advocate, served on San Francisco's Board of Supervisors from 2011 and 2019. She has also run for state Senate and for San Francisco mayor. Her plans ...
The Race for California Insurance Commissioner: Meet Merritt Farren
Republican Merritt Farren is a consumer advocate and attorney. Farren has more than 30 years of experience in business, technology and law. He has held senior roles in several big companies, ...
The Race for California Insurance Commissioner: Meet Eduardo “Lalo” Vargas
Eduardo "Lalo" Vargas, running on as a Peace and Freedom party candidate, is a high school teacher, and he has been a volunteer firefighter and EMT. He was a candidate for The Los Angeles City ...
The Insurance Affordability Squeeze: Why Auto Carriers Are at an Inflection Point
For many drivers, auto insurance has quietly become one of the fastest‑rising household expenses—one they can no longer absorb without trade‑offs. A combination of more volatile weather, higher ...
Executive Viewpoint: One AI Won’t Save You
The property/casualty insurance industry has made artificial intelligence a top strategic priority for three consecutive years. It has invested accordingly. And it has, by most objective measures, ...
Reinsurance Turning Point: From Operational Constraint to Competitive Advantage
Insurers have spent the past decade modernizing core operations. Policy administration, claims and underwriting have all benefited from advanced analytics, AI and digitized processes. Central data ...
Automation Theater: Why Carrier AI Investments Aren’t Showing Up in the P&L
The boards are asking. Investors are asking. The carrier C-suite is starting to ask: Where's the payoff? Insurers have been far from timid in their AI investments. Innovation labs have been built. ...
The Race for California Insurance Commissioner: Meet Stacy Korsgaden
Republican Stacy A. Korsgaden is an insurance agent. Korsgaden has held an active California Insurance license since 1988, and built a full-service insurance agency, servicing nearly 8,000 policies. ...
U.S. P/C Insurers Post Biggest Q1 Underwriting Profit in 25 Years
The U.S. property/casualty insurance industry posted another record in the first quarter of 2026, with a combined ratio of 89.5—before policyholder dividends—standing as the best first-quarter ...
Rational Market? How About ‘Dumb’ and ‘Bizarre’?
Industry executives who described insurance and reinsurance markets as "rational" in the not-so-distant past are now using words like "dumb" and "bizarre" to characterize soft-market competitor moves ...
10 Year Study Finds No Real Benefit to Common Knee Surgery
A widely performed knee procedure known as partial meniscectomy may not deliver the benefits many patients expect, according to a new study out of the University of Helsinki. In the 10-year clinical ...
Storm Counts, Landfalls and Losses: The Hidden Risk Behind a ‘Quiet’ Hurricane Season
Some observers may label the 2025 Atlantic hurricane season as a "quiet" year due to zero U.S. hurricane landfalls, but from an insurance and catastrophe risk perspective, that conclusion misses the ...
NASA Satellite Images Highlight How Fast Mexico City Is Sinking
Mexico City is sinking by nearly 10 inches (about 25 centimeters) a year, according to new satellite imagery released this week by NASA, making it one of the world's fastest-subsiding metropolises. ...
The Race for California Insurance Commissioner: Meet Ben Allen
Democratic State Senator Ben Allen has served as a member of the California state Senate since 2014. His plans include restoring a competitive insurance market, ensuring people are treated fairly ...
Tesla’s Former AI Trainers Don’t Trust its Self-Driving Tech or Safety Stats
In a Utah office, hundreds of Tesla workers scrutinize video collected by vehicles using the automaker's Full Self-Driving (FSD) feature. Some clips show the cars hitting cats, dogs or deer, along ...
The Financial Case for Negotiation: How Indemnity Discipline Can Transform Carrier Economics
EvenUp Law, the leading AI provider to the plaintiff bar, tells its prospective customers that its technology produces a 30% increase in settlement values, a 70% increase in policy limit demands, and ...
Your Tech Stack Is Your Recruiting Strategy (Whether You Know It or Not)
The top 10 insurers in the world employ 56% of all AI talent in the insurance industry. That is not a distribution curve; it is a verdict on the state of the industry. While there are thousands of ...
With Customer Reviews Increasingly Polarized, Communication Is Key: Trustpilot
The U.S. insurance industry has lost its "average" customer, with 88% of all reviews now either 1-star or 5-stars, according to a new report by customer feedback platform Trustpilot. Reviews tend to ...
Two for One
The line between traditional indemnity insurance and parametric solutions is fading. Although carriers have offered both for decades, operational silos kept them separate: indemnity relied on ...
Growth Going to be Hard: Abel Talks GEICO, Berkshire Tech Transformation
"It's not going to be easy to just restart the growth engine." Berkshire Hathaway Chief Executive Officer Greg Abel was referring to a challenge ahead of auto insurer GEICO during the annual meeting ...
‘Designed To Last’: American Family Launches Reality Competition Series on Hulu
American Family Insurance has launched a branded reality competition series, "Designed To Last," a first-of-its-kind show that reimagines how to think about protecting homes and families against ...
The Adjuster Role Is Changing, and Training Needs to Account for It
The insurance industry has invested heavily in technology to improve the efficiency and thoroughness of claims operations. And it's working. AI and automation are absorbing routine tasks that once ...
State Farm Inked $1.5B Underwriting Profit for 2025; HO Loss Persists
State Farm reported an underwriting gain of $1.5 billion for its property/casualty businesses in 2025, representing a turnaround from an underwriting loss of more than $6 billion in 2024—and more ...
Details TBD: Berkshire’s Jain, Abel Describe Tokio Marine Strategic Pact
Some details of a long-sought-after partnership with Tokio Marine aren't precisely defined, instead relying on the good faith dealings and reputation of the Japanese insurance giant, Berkshire ...
Arizona Sheriff Investigates Train/Truck Cargo Theft Associated With California-based Cartel
Arizona's Yavapai County Sheriff's deputies have responded to a string of high-tech cargo burglaries following two separate but similar incidents involving professional theft rings. YCSO, in ...
Aging Renters a Strategic Growth Opportunity for Insurers: TransUnion
Many property insurers have overlooked a key market of stable and profitable customers: aging renters, according to TransUnion's latest Insurance Personal Lines Trends and Perspectives ...
How We’re Doing It: Customers, Agents Play Vital Roles in Commercial Auto Telematics Success
Telematics has gained significant momentum in the U.S. commercial auto insurance market over the past few years among both InsurTech MGAs and insurance incumbents. Insurers have launched loss control ...
‘Too Much Space,’ Says State Farm CEO on Shuttering Corporate HQ
State Farm will be moving 13,000 of its 62,000 employees who now work in its Corporate Headquarters and the Illinois Operations Center in Bloomington, Ill., to another location— Corporate ...
Bending the Casualty Curve: Why Casualty Analytics Is Approaching Its Inflection Point
"The immense diversity of the causes of casualty catastrophes as well as a lack of historical antecedents makes modeling casualty cats more difficult than modeling property cats, but not ...
How Your ORSA Can Be Retooled for a Competitive Advantage
As a carrier executive, you probably don't get excited at the thought of complying with regulations like the Own Risk Solvency Assessment, commonly known as ORSA. It's understandable. Your primary ...
Multiple Factors Affect Auto, Workers Comp Claim Complexity: Report
Though workers comp and auto remain profitable lines within the insurance industry, there a number of challenges to monitor, according to Enlyte's 2026 Envision Trends Report, which explores the ...
The Race for California Insurance Commissioner: Meet Keith Davis
Keith Davis, running as an American Independent, spent nearly a decade in the insurance industry as an insurance agent, selling and managing everything from auto and homeowners coverage to commercial ...
Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found the ...
FLASH Weather AI Launches Hail Prediction Model
FLASH Weather AI has launched a new high-resolution hail prediction model that can give almost an hour of warning before a storm. FLASH's 1-Hour Hail Swath Prediction Model is a deep-learning system ...
So, Your New ‘Co-worker’ Is an AI Agent – Here’s How to Make the Best of Your Human-Machine Relationship
Judging by a slew of recent corporate announcements, your next "co-worker" might be an artificial intelligence agent – doing the work of an assistant, job scheduler, morning debriefer, learning ...
For Carriers, AI Can Now Mean Hyper-Personalized Customer Service, Leaders Say
The future of property/casualty insurance is here and it looks a lot like … a devoted personal assistant for the policyholder, one that moves at lightning speed and never complains or takes a day ...
Roof Costs Soar Even as Claims Decline: Verisk
Hail volatility and aging roofs are driving higher residential replacement severity, a new study by data analytics and technology provider Verisk finds. Roof losses didn't slow despite a 20 percent ...
Industry Concerned as Supreme Court Revives Lawsuit Against Freight Broker
The Supreme Court on Thursday allowed a man to sue a major logistics company after he lost part of his leg in a semi tractor-trailer crash, a decision that could have big ripple effects across the ...
Exclude It, Harness It, Get Greedy: McGavick’s Take on Insurers’ AI Playbook
Mike McGavick, the former chief executive of XL Group and Safeco Insurance, sees exciting possibilities ahead for AI to refocus the insurance industry on the problems it is designed to solve. But ...