FEMA Flood Maps Are Misleading, Blocking Insurance Uptake: Report
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, ...
Personal Lines
Progressive Easing Up on Rate Hikes; Flo Coming Back to a State Near You
Progressive's Flo won't reappear on TV screens in every state, but the insurer she pitches for is comfortable pursuing business growth, company leaders said yesterday. That means potentially using ...
GEICO Faces California Class Action Claiming It Overcharged for Car Insurance
A federal judge on Monday said a lawsuit accusing GEICO Corp. of overcharging more than 2 million California policyholders on car insurance early in the COVID-19 pandemic ...
Q3 Net Income Down 30% at The Hartford; $214M in Ian Losses
Compared to the same window last year, net income at The Hartford was down during the third quarter of 2022 — but core earnings were up during what the company's CEO ...
Fitch Moves Outlook on Allstate’s A+ Ratings to Negative
Highlighting a sharp drop in underwriting results, declines in statutory capital and outsized additions to prior-period loss reserves, Fitch Ratings moved the rating outlook on "A+" financial ...
Customers Frustrated by Longer Auto Repair Times: J.D. Power
Customer satisfaction with the auto claims process has eroded after four consecutive years of improvement, dropping 7 points to 873 (on a 1,000-point scale) compared to ...
Insurers Say Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios
Auto insurers in the U.S. are coping with the largest direct loss ratio in 20 years because of factors that include historic inflation, a deterioration in driving ...
Chubb: People Are Using Multifactor Authentication to Log In…With a Pet Password
According to a poll by Chubb of adults in the U.S. and Canada, a little more than half said they use multifactor authentication to log into online accounts, which is ...
As Homeowners Rebuild After Ian, a Cooling New Housing Market Drops Material Costs
If Hurricane Ian would have made landfall in Florida, say, six months ago, the costs of reconstruction could have been even higher than the already staggering estimates now coming from the Sunshine ...
Full Self-Driving Won’t Be Approved For Teslas This Year: Musk
Tesla Inc.'s advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said in remarks last week, which indicate the company is not yet able to ...