Latest Personal Lines Headlines
All the headlines from our Personal Lines Topic Page, ordered by recency.
Frederick Mutual Exiting Personal Lines; Signs Renewal Deal With Farmers of Salem
Nov 8 2023 // Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for the bulk of...
Q3 Commercial, Personal Rates Moderate: MarketScout
Oct 11 2023 // Third quarter 2023 commercial insurance rates remained up, but about 3.7% compared to up about 5% during the second quarter. According to MarketScout’s Market Barometer, the composite rate for all U.S. lines of...
Canada’s Intact Financial Kicks Off Sale of RSA’s Personal Insurance Business
Sep 19 2023 // Intact Financial Corp. has kicked off the sale of its personal insurance subsidiary in the UK, which could be valued at around £500 million ($620 million), people with knowledge of the matter said. The Canadian insurer is...
Personal Lines in Surplus Lines
Sep 4 2023 // The continuing trend of more personal lines business making its way into the E&S market is surprising, says John Jennings, CEO and one of the founding members of Jencap Group. “I think that is probably the...
People Moves: Fred C. Church Names Hart Personal Lines Manager; Ames & Gough Appoints Hilliard
Aug 16 2023 // Fred C. Church Insurance Names Hart Vice President, Personal Lines Manager Fred C. Church, headquartered in Lowell, Mass., promoted Kate Hart to vice president, personal lines manager. Hart began her insurance career in...
People Moves: WTW Hires Bryce From Magnes for Personal Lines, Canada; Markel Taps PwC’s Feng as Warranty & Indemnity U/W; RSA Names Godfrey as Transformation Dir.
Aug 11 2023 // This edition of International People Moves details appointments at WTW, Markel and RSA Insurance. A summary of these new hires follows here. WTW Hires Bryce for Personal Lines, Canada Insurance broker WTW announced the...
People Moves: McGriff Restructures Personal Lines Operations; Tinubu Appoints Edwards as Surety COO
Aug 3 2023 // Retail broker McGriff said it has restructured its personal lines operations to allow for direct support to the private client sales and service functions within the division, following a period of substantial growth and...
TWIA Committee Recommends 5% Increase in 2024 Residential Rates, 8% for Commercial
Jul 12 2023 // The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024. The TWIA...
Q2 Commercial P/C Rates Hold; Personal Lines Slightly Decrease: MarketScout
Jul 7 2023 // Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to MarketScout’s Market Barometer. The Dallas-based distribution and...
Risks to Watch in the Personal Umbrella Market
Jun 19 2023 // Increases in auto accident severity, attorney involvement and litigation, as well as recreational activities are driving claims in the personal umbrella space — and one expert believes their impacts will only...
Viewpoint: California Needs Regulatory Reform and Quick Rate Review to Halt Personal Lines Meltdown
Jun 2 2023 // The regulation of property/casualty insurance in California has been an epic failure—look no further than the state of the market for personal automobile and homeowners insurance. California Insurance Commissioner...
State Farm Stops Taking New Applications for Business, Personal Lines P/C in California
May 27 2023 // An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and...
Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable
Apr 28 2023 // The Hartford Financial Services reported first quarter 2023 net income of $535 million, nearly a 21% increase over $443 million a year ago. In the company’s property/casualty segments, results were carried by net...
New Course for Insurance Professionals and CSRs: Other Personal Lines Solutions
Apr 27 2023 // April 27, 2023, Austin, TX – Insurance professionals who want to enhance their knowledge of personal lines insurance can now enroll in the CISR Other Personal Lines Solution course administered by The National...
Insurer RSA Exits UK Personal Lines Motor Market to Focus on Core Businesses
Mar 28 2023 // UK insurer RSA announced it is exiting the UK personal lines motor market to focus on its core lines. The company explained the move by saying that the personal lines motor market in the UK remains extremely competitive...
People Moves: Valley Insurance Hires Weis as Personal Lines Coach; Ryan Specialty Promotes VanAcker to EVP
Mar 10 2023 // Valley Insurance Agency Alliance Hires Weis as Personal Lines Coach Valley Insurance Agency Alliance (VIAA) recently hired Brett Weis as personal lines coach. Weis will work with the VIAA’s development team and coach...
People Moves: Valley Insurance Agency Alliance Promotes McCoy to Powers Personal Lines Manager; Church Mutual Promotes Two Assistant VPs
Feb 24 2023 // Valley Insurance Agency Alliance Promotes McCoy to Personal Lines Manager at Powers Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois,...
Liberty Mutual Tackling U.S. Personal Lines Challenges
Feb 24 2023 // The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in 2022. President and...
Insider’s Report on Personal Lines Market: What’s Changed, What to Expect & How to Prepare
Nov 21 2022 // The personal lines sector took a beating in 2022 due to significant deterioration in personal auto, as well as rising loss cost severity, pricing pressures and elevated reinsurance costs. Added to these challenges for...
UPC Reports $173M Loss for Q3, Begins Personal Lines Non-Renewals Jan. 1
Nov 14 2022 // The parent company of United Property & Casualty Co., already working to close up shop in Florida and other states after years of financial setbacks, reported a $173 million net loss for the third quarter of this...
