News

Auto insurance switching is down 3.2% in the first quarter 2022, while quoting is down 11.1% for the same period, according to J.D. Power.

The number of dog bite claims across the country increased 2.2% from 2020, according to a study released last week.

U.S. insurers are failing to raise premiums fast enough to keep up with historic rates of inflation, according to the American Property Casualty Insurance Association (APCIA).

Since June, three states have placed restrictions on carriers’ ability to limit or deny homeowners insurance coverage based on ownership of specific dog breeds.

Lemonade will acquire auto insurer Metromile in an all-stock transaction for just over $200 million net of cash.

The case is raising concern within the insurance industry as doubts remain as to whether there could be coverage under the personal auto policy.

As baby boomers move from home ownership to renting, only half stay loyal to their insurer, according to a survey by J.D. Power​.

AM Best rating actions for p-c carriers increased in the first half of 2021 with 10 upgrades and nine downgrades in the commercial lines segment and 16 upgrades and six downgrades in the personal lines segment.

The deal is anticipated to make Liberty Mutual the second largest independent agency carrier in the U.S., adding $2.3 billion in premium and State Auto’s network of approximately 3,400 independent agencies.

​While the composite rates for both commercial and personal lines decreased overall in second quarter 2021, all segments experienced rate increases.