P&C Specialist

The mutual insurer recorded $473 million in underwriting losses at its larger P&C affiliate in 2024, although it ended a two-year streak of total losses and surplus contraction at the subsidiary. https://lnkd.in/e3eRQKn8 #CommercialInsurance

State Farm fired VP Haden Kirkpatrick after a leaked video showed him criticizing wildfire victims and discussing hiring practices. Click for details. https://lnkd.in/eAgG_-gW #Insurance #StateFarm #Leadership

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

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

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

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

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

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

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

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