All the headlines from our Personal Lines Topic Page, ordered by recency.
Feb 5 2024 // Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time in 2022, to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance...
Jan 19 2024 // Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last year to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance...
Jan 18 2024 // Alliant Insurance Services named Greg Zimmer chief executive officer, taking over for Tom Corbett, who has served as CEO for more than 30 years.The new leadership roles will take effect April 1, 2024. Zimmer joined Alliant...
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...