The most popular articles and news offered by Carrier Management.

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 ...

Workplace Stress Has Reached Epidemic Proportions

Work-related stress and worker burnout is a critical topic in today's talent market as nearly every insurance organization across the nation competes to fill open positions. But stress at work has ...

AmFam Underwriting Loss Worsens to $1.7B in 2023

American Family Insurance posted a net underwriting loss of $1.7 billion for property/casualty business in 2023, up from an underwriting loss of $1.5 billion in 2022. While higher claim loss costs ...

Buffett Says Berkshire ‘Built to Last’

Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime ...

Chief Risk Officers Take on Gen AI

When Generative AI burst onto the scene at the end of 2022, users gushed about the automatic content creation, greater productivity, and some funny or disturbing ...

Weathering the Reinsurance Reset in the Midwest

In his more than quarter-century career as a reinsurance broker representing the mutual insurance market, the January 1, 2023, property reinsurance renewals stand out in Josh Knapp's memory as a day ...

Why Do I Need a Lawyer? I Was Just Out for a Walk

During a recent webinar, an insurance company representative imagined the thought process of potential plaintiffs who might consider calling a lawyer.

MGU-Carrier Relationships and AI

The NAIC's model bulletin on carriers' use of Artificial Intelligence Systems, adopted in December 2023, specifically sets out expectations that insurers will describe ...

Autonomous Truck Market Surging: Study

The demand for autonomous trucks is estimated to increase from $3.3 billion in 2023 to reach $6.9 billion by 2028, according to a new study by BCC Research. Leveraging 2022 data as a baseline, the ...

Industry Veterans Launch New E&S Biz

Insurance industry executives Michael Price and Kean Driscoll announced the formation of Dellwood Insurance Group, a new nationwide excess and surplus lines insurance holding company. The new company ...