Personal Lines
Going, Going, Gone: ‘Disruption’ to Shrink Traditional Premiums for Auto
Before the end of the current decade, the personal auto industry is likely to see a peak—and then a subsequent lasting decline—in premiums for conventional auto coverage, consultants from ...
Progressive Gains as Drivers Shop Around for Auto Insurance—Again
Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices late last year, a new study of consumer behavior finds they're back to shopping ...
Cat Losses, Auto and HO Price Hikes Continue at Allstate
The Allstate Corporation announced estimated pretax catastrophe losses of $328 million for the month of March, bringing total pretax cat losses for the quarter to $731 million. The first-quarter ...
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers
With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported ...
Allstate’s Safe Driving App Helps Reduce Chance of Collision by 25%
Newly released analysis indicates Allstate customers who chose to opt into their telematics driver safety app, Drivewise, were found to be 25 percent less likely to be involved in a serious ...
If U.S. Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher
If the rising price of homeowners insurance were factored into the U.S. Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about 0.8 percent, to last ...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes.
But here is ...
A New Approach: Florida Agents Association Invests in Startup Insurer
The Florida Association of Insurance Agents, the largest agent group in the state, has invested in a startup insurance carrier, a move designed to help keep agents in the game and to bring more ...