RTO Risks; VP Salaries
Welcome to the News Brief, our recap of the week's top stories in commercial lines.
- Commercial insurers are facing a growing range of risks as 2025 moves into its second month. Many of these challenges are already attracting scrutiny from Wall Street analysts during earnings calls — and will be in the spotlight during first quarter earnings calls starting in April. These stressors are seemingly worsened by a more polarizing political and social media climate where elected officials, both on the right and left of the ideological spectrum, are taking public aim at carriers and executives for a variety of perceived breakdowns.
- As the return-to-office push continues, more companies could find themselves in the public spotlight in cases of real or perceived backlash against outspoken employees. Auto-Owners Insurance, for example, recently fired two employees involved in a petition opposing the company's return-to-office policy. While Auto-Owners said the employees were not fired because of their involvement in the petition, the timing of the firings raises eyebrows, according to several employment attorneys.
- State Farm General Insurance's top brass is asking California regulators to raise rates on some property lines immediately so that it can remain solvent. While focused mostly on homeowners multi-peril policies, State Farm General Insurance is home to the lion's share of the carrier's commercial lines business in California.
- A P&C Specialist Commercial analysis of the latest compensation data of 10 big insurers revealed salaries comfortably in the six figures for VP roles, with an average starting wage of just over $188,000 per year. Of that cohort, QBE had the best-paying opportunity. (Table below is a snapshot of the full table in article.)
Table of the week
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