Latest Personal Lines Headlines
All the headlines from our Personal Lines Topic Page, ordered by recency.
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch
Jul 20 2020 // After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with considerable economic uncertainty from the coronavirus pandemic, according to a report from...
Branch Launches Personal Lines Insurance Discount Program in Missouri
Jun 18 2020 // Columbus, Ohio-based technology-based personal lines insurance provider, Branch, has launched its My Community Discount program in Missouri. Through the program, clients can “save on their insurance premiums by...
Massachusetts’ Safety Insurance Extends Personal Auto Relief Credit
Jun 12 2020 // Safety Insurance has extended its Personal Auto Relief Credit through June 30 to reflect changing consumer patterns and needs during the ongoing COVID-19 pandemic, according to a company press release. The original credit...
CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’
May 1 2020 // Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s directors and officers insurance (D&O), replacing it with a promise to personally provide...
Utica National Provides Insurance Premium Payback to Personal Auto Customers
Apr 16 2020 // As a result of changing driving habits due to the COVID-19 pandemic, the member companies of the Utica National Insurance Group have announced that they will provide policyholders with a 15 percent payback of their...
Ohio’s Encova Insurance Issuing 15% Personal Auto Policy Credit
Apr 15 2020 // Columbus, Ohio-based Encova Insurance plans to issue a 15% policy credit to more than 80,000 personal auto policyholders for the months of April and May. Data has continued to show that as fewer vehicles are on the road...
Missouri’s Shelter Insurance Offering 30% Discount to Personal Auto Customers
Apr 14 2020 // Shelter Insurance, based in Columbia, Mo., and its subsidiaries AmShield Insurance, Haulers Insurance, and Say Insurance, is joining other insurers in offering assistance to auto insurance policyholders. The company said...
Cincinnati Insurance Companies Offering 15% Discount to Personal Auto Policyholders
Apr 13 2020 // Two property/casualty insurance subsidiaries of Cincinnati Financial Corp., The Cincinnati Insurance Co. and The Cincinnati Casualty Co., are offering a 15% personal lines auto credit for current policyholders. Personal...
Germania Insurance to Return Nearly $6M to Personal Auto Customers in Texas
Apr 9 2020 // In light of the reduction in drivers on the road due to COVID-19 epidemic, Texas-based Germania Insurance will give back nearly $6 million in credits to its personal auto insurance policyholders. The company said through...
Oklahoma Commissioner: Allstate Eases Personal Auto Terms for Delivery Drivers
Mar 26 2020 // Oklahoma’s insurance commissioner says Allstate Insurance Co. is voluntarily easing certain policy restrictions to aid delivery drivers using their personal vehicles for delivery of food and medicine during the...
Safeco Acquiring Republic’s Personal Lines Business in 6 States
Mar 23 2020 // AmTrust Financial Services said it will transfer to Liberty Mutual’s Safeco Insurance unit the renewal rights for the personal lines business in six states of Dallas-based Republic Group, an AmTrust company. The deal...
AmTrust to Transfer Republic Personal Lines Business to Liberty Mutual
Mar 6 2020 // AmTrust Financial Services said it will transfer to Liberty Mutual renewal rights in six states for its Republic personal lines business. The deal involves Liberty’s Safeco Insurance unit, and it will allow Republic...
Davis & Haynes to Assume Block of Stephens Insurance’s Personal Lines Business
Mar 3 2020 // Little Rock, Arkansas-based Stephens Insurance LLC (Stephens Insurance), an affiliate of independent financial services firm Stephens Inc., has agreed to divest a substantial portion of its personal lines business to Davis...
RT Specialty Promotes May to President, National Personal Lines Practice in Houston
Feb 6 2020 // R-T Specialty LLC has promoted Claudia May, based in Houston, to co-president of the company’s national personal lines practice. May has concentrated on personal lines since the start of her career over 25 years ago....
R-T Specialty Names Adcock, May President of National Personal Lines Practice
Feb 4 2020 // R-T Specialty LLC has named Dave Adcock and Claudia May as President of RT Specialty’s National Personal Lines Practice. Adcock began his insurance career as a personal lines underwriter in 2000 and joined RT...
Top 5 Trends in Changing Personal Umbrella Market That Agents Need to Know
Feb 3 2020 // The personal umbrella market had been steady for many years, with lots of choices available in the market when it came to finding the right coverage for customers. However, recent changes are turning the market upside down...
Bender Insurance Solutions in California Names Wood Vice President of Personal Lines
Jan 29 2020 // Sacramento, Calif.-based Bender Insurance Solutions has promoted Jeffrey Wood to vice president of personal lines. Wood will continue to expand the sales and service offerings of the personal lines department, and provide...
POWERS Insurance & Risk Management Adds Pallarito as Personal Lines Manager
Dec 31 2019 // St. Louis, Missouri-based POWERS Insurance & Risk Management has hired Kathy Pallarito as a personal lines manager. Pallarito has over 25 years of sales, customer service, and marketing experience in the insurance...
Personal Auto Insurance Underwriting Performance Has Likely Peaked: Fitch
Dec 17 2019 // Performance in the U.S. personal auto insurance market continues to run favorably in 2019, on par with underwriting profits achieved in 2018, according to Fitch Ratings. However segment results for the industry are likely...
A.M. Best Sees Personal Insurance Business Outlook Remaining Stable for 2020
Dec 16 2019 // A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger...
