Personal Lines
Helene Damage Numbers Climb: AccuWeather Revises Total Damage Cost to $225B+
For the second time since Hurricane Helene made landfall, AccuWeather has increased its estimate of the total damage and economic loss from the storm. Now, the weather forecasting firm has put a ...
Rural Mutual, Badger Mutual Agree to Affiliate
Wisconsin-based mutual insurers, Rural Mutual Insurance Company and Badger Mutual Insurance Company, have announced an affiliation. The affiliation is subject to regulatory approval with an ...
Thieves Hunting for Copper Are Vandalizing American EV Chargers
Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company's laboratory in San Jose, ...
Agent Satisfaction With Insurers Holds Strong Despite Market Challenges
Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power ...
AccuWeather Raises Helene Total Damage Estimates by $50B; Insured Loss Estimates Not Ready
While inland flooding complicates the picture of still-to-be-determined insured loss estimates from Hurricane Helene, a weather forecasting firm has already delivered a second estimate of total ...
Personal Auto Insurance Could Be Obsolete in 20 Years: Morningstar
Self-driving cars could make personal auto insurance largely obsolete within 20 years, according to a worst-case scenario modeled by Morningstar. A more likely, moderate ...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P GMI
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The ...
Homeowners Not Satisfied, Just Stuck With Insurers: J.D. Power
Although Chubb, AIG, Amica and Erie outranked peers in the U.S. homeowners insurance market on measures of customer satisfaction, the compiler of satisfaction scores—J.D. Power—believes customers ...