Personal Lines
Farmers Forced to Rescind Thousands of Nonrenewal Notices in Georgia
About the same time that it announced a major pull-back from the Florida and California markets, Famers Insurance also sent thousands of nonrenewal notices to Georgia ...
Americans Are Moving Toward Climate Danger in Search of Cheaper Homes
A midsummer quiz: Let's say you read about an area experiencing blistering heat for weeks on end — heat so hot that in the day, you can't go outside, and at nighttime, ...
Progressive’s Q2 Worsens in Spite of Double-Digit Auto Premium Growth
Progressive's combined ratio came in just above breakeven for the second quarter of 2023, in spite of personal lines earned premium growth of more than 22 percent. The company second-quarter combined ...
P/C Market Won’t See Underwriting Profit Until ’24; Outsized Growth Expected
After four years of unparalleled underwriting profitability ending in 2021, the P/C market is headed for a second straight year of underwriting losses, according to the newly released S&P Global ...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in ’23?
While no one directly asked the question of this article's headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during ...
Farmers Insurance Further Reducing Florida Business
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the ...
Farmers Limits New California HO Policies; Insurer Group Calls for Reform
Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier. The move follows a similar decision by State Farm last month and adds to a growing ...
InsurTech Profile: Goose Insurance Seeks to Remove Barriers in Personal Lines
Omar Kaywan says lack of education, awareness, accessibility and affordability are the key factors in being underinsured. His company, Goose Insurance, is aiming to change that by removing barriers ...