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Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against → Read More
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company's number one priority: → Read More
General Motors has filed to trademark "GM Financial Insurance Company," according to a record found with the U.S. Patent and Trademark Office. The filing → Read More
As it had warned last month, Allstate Corp. reported a fourth quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in → Read More
AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he "violated his confidentiality/non-disclosure obligations," the company → Read More
There is no one answer to the overall insurance industry's place within its cyclical path. Each product line needs to be looked at individually, according → Read More
Drivers are not only shopping around for auto insurance more than ever, they are switching carriers. According to a quarterly report from J.D. Power, in → Read More
Travelers Cos. this morning reported fourth quarter net income of $819 million, a decrease of about 39% from $1.3 billion a year ago during the same time. → Read More
Allstate Corp. on Wednesday said it expects to end 2022 in the red with a net loss of between $285 million and $335 million for the fourth quarter, and a → Read More
Westfield National Insurance Co. and Motorists Mutual Insurance Co. are not required by their insurance contracts to defend generic drug distributor Quest → Read More
Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of → Read More
Auto insurers have had difficulties coming out of the pandemic – when streets were relatively unpopulated. The topic was the top national story published → Read More
State Farm's claims handling process is the subject of a new lawsuit alleging disparities between the insurer's treatment of claims from Black → Read More
State Farm's claims handling process is the subject of a new lawsuit alleging disparities between the insurer's treatment of claims from Black → Read More
State Farm CEO Michael Tipsord said the nation's top property/casualty insurer will likely never be the same following the pandemic – and that may be a → Read More
More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments in the space were at an all-time → Read More
According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in → Read More
In a letter to the Treasury's Federal Insurance Office, the National Association of Insurance Commissioners expressed its "deep concern" over a proposal → Read More
A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International, and Travelers – are challenging an approval of the Boy → Read More
A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International, and Travelers – are challenging an approval of the Boy → Read More