Personal Lines
Allstate Announces Executive Leadership Changes
Allstate announced that Glenn Shapiro, president, Property-Liability, has decided to retire effective Sept. 30. He joined Allstate as chief claims officer in 2016 and has held his current position ...
Viewpoint: More Sweeping Cellphone Laws Reduce Crash Rates
It's common knowledge that texting while driving is illegal in most places. But what about tapping the screen of your cellphone to accept a faster route suggested by Google Maps? What if your phone ...
Florida’s Citizens Tops 1 Million Policies, Making It Largest in State
Florida's Citizens Property Insurance Corp., created by lawmakers as a last-resort option, has become the largest property insurer in the state with more than 1 million policies in force — and ...
Lemonade Records Another Q2 Loss, Changes Pace for Profitability
InsurTech Lemonade said it booked a second-quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, but in a letter to shareholders the company ...
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Young homeowners are more concerned about the damage climate change-related extreme weather could do to their homes, according to a new survey from Policygenius. The survey found that 72 percent of ...
Independent Agents Place Majority of U.S. P/C Insurance: Big I
The independent agency channel places 62 percent of all property/casualty insurance written in the U.S., according to the Big "I" 2022 Market Share Report. The annual Market Share Report compiles and ...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second ...
Wildfires Disproportionately Impact Lower-Income Homeowners: Study
The 2022 wildfire season promises to be another record-breaker. Roughly 2 million acres burned last month, and major fires are currently scorching Idaho, Utah and California, threatening tens of ...