This week's stories: Liability insurers struggle with rising loss ratios, tariffs may add up to $24B in auto claim costs, Liberty Mutual faces a high-stakes policyholder lawsuit, Progressive's commercial business rebounds, and top business insurers excel in workforce management. Click for insights. #Insurance #Liability #MarketTrends
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P&C Specialist is a Financial Times news service for P&C executives. Our new commercial lines news service is available now. Learn more at https://commercial.pandcspecialist.com
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This week's stories: Buffett praises Geico’s turnaround, Allstate tightens agent bonuses, only five auto carriers kept loss ratios under 60%, and NY fines 37 insurers $20.4M for reporting failures. Click for insights. #Insurance #AutoInsurance #MarketTrends
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As a group, the average loss ratio increased by roughly eight percentage points year-over-year for big liability inurers. Click for the standouts. https://lnkd.in/eEdAMFvN #CommercialInsurance #LossRatio #Liabilities
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Trump’s new round of levies went into effect Tuesday and are expected to drive up costs for a range of replacement auto parts. Click for insights. https://lnkd.in/e9nm-3Va #Tariffs #AutoInsurance #PersonalInsurance
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State Farm turns in the worst loss and loss adjustment expense performance among a group of 59 carriers as California’s Palomar easily outshines others, with a ratio 40% leaner than the next-best reading. Click for insights. https://lnkd.in/ekzi3UFZ
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Liberty Mutual exits Thailand and Vietnam P&C markets, selling to Chubb as part of its ongoing global portfolio shift. Click for details. https://lnkd.in/dSTHdntD #Insurance #Mergers #MarketStrategy
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A copycat shooting targets SAIF’s CEO amid rising anger over claims denials, while Weiss Ratings flags high rejection rates at Allstate, Farmers, and USAA. Click for insights. #Insurance #Claims #RiskManagement https://lnkd.in/efNAza_r
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Under the carrier’s third cut in four months, agents now need to meet higher growth targets to qualify for incentives, a move that could shrink individual payouts. Click for insights. #PersonalLines #InsuranceIndustry https://lnkd.in/e22wY-2y
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This week's stories: Farmers expands its commission overhaul, parametric insurance gains traction, Progressive tops Forbes’ best employers in P&C, and a survey finds many workers prefer lower pay over office life. Click for insights. #Insurance #WorkplaceTrends #Innovation
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This week's stories: Zurich expands middle-market team, a P&C CEO’s home targeted, NY fines auto insurers, Zurich sues ex-exec, and mutual insurers face $2.1B in losses. Click for insights. #Insurance #RiskManagement #Leadership