Personal Lines

Auto and Property Insurance Shopping Saw 20% Spikes in Q4 2024, Report Shows

Auto and property insurance shopping experienced 20 percent year-over-year increases in the fourth quarter of 2024, a new report shows.

Data Insight: More Insurers Expect to Boost Top Lines Than Headcount

Continuing a trend that's persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top ...

Startup E&S Broker’s Goal: Say Yes to Almost Anyone for Wildfire Cover

Stand Insurance's goal is to say yes to almost anyone. In January, about a month after the surplus-lines broker launched, Dan Preston, Stand's co-founder and CEO, told Carrier Management that the ...

Not So Fast: State Farm Didn’t Prove Its Case for Rate Hike, CDI Says

California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22 percent rate request from State Farm, instead calling a meeting with the carrier to get some answers about the ...

Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow

Allstate's plan to correct its auto insurance business has "restored profitability back to target levels," said the insurer's head of personal insurance. During an earnings call with analysts, Mario ...

FEMA to Borrow $2B to Pay Flood Claims After Hurricanes Helene and Milton

The Federal Emergency Management Agency said it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders. FEMA, administrator of NFIP, ...

LA Fires: Calif. Insurance Commissioner OKs FAIR Plan Request for $1B Assessment

California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires. The FAIR ...

AM Best Data Insights: FAIR Plan, E&S Growth Soars in California

A newly published AM Best report reveals the extent to which California homeowners policyholders have turned to the state's insurer of last resort and to the nonadmitted market for insurance in ...