Personal Lines
Insured Losses For Calif. Floods $3.5-$6.5B Below Total Loss: RMS
Moody's RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, ...
Auto Insurance Shopping – and Switching – Increases
Drivers are not only shopping around for auto insurance more than ever, they are switching carriers. According to a quarterly report from J.D. Power, in collaboration with TransUnion, the quote rate ...
Conning: Embedded Insurance Market Could Exceed $70B in Premium by 2030
Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale - could exceed $70 billion in premium by 2030, according a new report by Conning. ...
Louisiana Governor Orders Special Session to Address Insurance Incentive Fund
Louisiana Gov. John Bel Edwards called for a special session Sunday to address appropriate funds to the Insure Louisiana Incentive Fund, a fund created by lawmakers last year to attract more ...
Joyn Insurance Completes $17.7M Series A Funding Round
Delaware-based InsurTech Joyn Insurance announced in January that it completed a $17.7 million Series A funding round led by OMERS Ventures, with participation from Avanta Ventures, ManchesterStory, ...
Drenching In California: Most Homeowners Have No Flood Insurance
Last Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks ...
Allstate Estimates ’22 Auto Combined Ratio of 110; Frequency, Reserves Up
Allstate announced preliminary estimates of its fourth-quarter and full-year 2022 results last night, revealing a 2022 combined ratio of 110 for personal auto insurance, with reserve boosts for prior ...
Size Matters: Risks of Injury, Death Rising As Heavy EVs Hit U.S. Roads, NTSB Says
U.S. National Transportation Safety Board Chair Jennifer Homendy on Wednesday raised concerns about the increased risk of severe injury and death from heavier electric vehicles ...
Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout
According to MarketScout's Market Barometer, the fourth-quarter 2022 composite rate for U.S. commercial lines was up 5.1 percent.
The ...