Personal Lines
AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’
AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, ...
Hiring for Attitude: What Sets Lemonade Apart
An executive speaking at Lemonade's Investor Day late last month took investors behind the scenes to watch some of its AI bots in action. The point of the demonstration, however, was to do more than ...
New Jersey Using Buyouts and Barriers to Battle Flooding
New Jersey is using a mix of buyouts and barriers to tackle flooding in two vulnerable locations. Officials last week announced funding to buy and demolish homes in flood-prone sections of Cranford, ...
AM Best Improves Outlook on U.S. Personal Auto Segment to ‘Stable’
Insurance rating agency AM Best said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year. ...
Florida Citizens’ Brass Tired of ‘Clickbait’ News on Its Hurricane Claims Denials
Officials with Florida's Citizens Property Insurance Corp. took issue Thursday with a number of national and Florida news reports that have suggested the insurer has the "worst rate" on paying claims ...
Bumps Ahead as Disruption Drives Changes in Auto Insurance
There is no doubt the auto insurance industry is in a state of flux. Rising repair costs, poor driving behavior and advancing auto technology has disrupted the market, ...
New Hampshire High Court Invalidates GEICO Underinsured Claim Provision
A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is unenforceable in New Hampshire because it restricts the insureds' right ...
Allstate Insurers Sue Hyundai, Kia to Pay for Claims From Defective Cars
A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid to insureds for damages when their cars suddenly erupted in flames. According to the ...