All the headlines from our Personal Lines Topic Page, ordered by recency.
Jan 11 2024 // WTW Names Buganski Head of Personal Lines, CRB NAWTW, headquartered in Arlington, Va., appointed Despina Buganski as head of personal lines, corporate risk and broking, North America (CRB NA). With more than 30 years of...
Jan 8 2024 // The North Carolina Rate Bureau, basing its calculations on input from 197 property insurance companies, has asked for a 42% average increase in homeowners insurance rates, to take effect Aug. 1.The rate bureau’s...
Dec 18 2023 // Unprecedented industry losses and unprofitability in homeowners and auto insurance will significantly impact pricing and availability in 2024, especially in catastrophe-prone areas and states with challenging regulations,...
Dec 8 2023 // Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and...
Dec 4 2023 // The U.S. personal lines insurance industry faces too many daunting challenges, leading AM Best to maintain its negative outlook.The outlook for personal lines was changed to negative in September 2022 – at first due in...
Dec 4 2023 // Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for the bulk of...
Nov 30 2023 // The Hartford said it will head into 2024 with new heads of commercial and personal lines and announced additional leadership changes.A. Morris “Mo” Tooker, who joined The Hartford in 2015 as chief underwriting...
Nov 8 2023 // Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for the bulk of...
Oct 11 2023 // Third quarter 2023 commercial insurance rates remained up, but about 3.7% compared to up about 5% during the second quarter.According to MarketScout’s Market Barometer, the composite rate for all U.S. lines of...
Sep 19 2023 // Intact Financial Corp. has kicked off the sale of its personal insurance subsidiary in the UK, which could be valued at around £500 million ($620 million), people with knowledge of the matter said.The Canadian insurer is...
Sep 4 2023 // The continuing trend of more personal lines business making its way into the E&S market is surprising, says John Jennings, CEO and one of the founding members of Jencap Group.“I think that is probably the biggest...
Aug 16 2023 // Fred C. Church Insurance Names Hart Vice President, Personal Lines ManagerFred C. Church, headquartered in Lowell, Mass., promoted Kate Hart to vice president, personal lines manager. Hart began her insurance career in...
Aug 11 2023 // This edition of International People Moves details appointments at WTW, Markel and RSA Insurance.A summary of these new hires follows here. WTW Hires Bryce for Personal Lines, CanadaInsurance broker WTW announced the...
Aug 3 2023 // Retail broker McGriff said it has restructured its personal lines operations to allow for direct support to the private client sales and service functions within the division, following a period of substantial growth and...
Jul 12 2023 // The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024.The TWIA...
Jul 7 2023 // Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to MarketScout’s Market Barometer.The Dallas-based distribution and...
Jun 19 2023 // Increases in auto accident severity, attorney involvement and litigation, as well as recreational activities are driving claims in the personal umbrella space — and one expert believes their impacts will only...
Jun 2 2023 // The regulation of property/casualty insurance in California has been an epic failure—look no further than the state of the market for personal automobile and homeowners insurance.California Insurance Commissioner Ricardo...
May 27 2023 // An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and...
Apr 28 2023 // The Hartford Financial Services reported first quarter 2023 net income of $535 million, nearly a 21% increase over $443 million a year ago.In the company’s property/casualty segments, results were carried by net...