Latest Personal Lines Headlines
All the headlines from our Personal Lines Topic Page, ordered by recency.
Insurer Introduces Revolutionary 3-Word Personal Insurance Policy
Apr 1 2019 // APRIL 1, 2019 — An insurance company that says it wants to simplify insurance has whittled its personal insurance policies for families down to three words. The new product, named TriWord, bundles property and casualty...
AIG Exits Individual Personal Lines Business in Canada
Mar 29 2019 // American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. “We continually review our operations to...
Rates, Lower Loss Frequency, Innovation Drove Personal Auto Market Turnaround
Mar 29 2019 // After a weakened performance in 2015-2016, the U.S. private passenger auto segment has turned around as rate actions and underwriting initiatives have driven a 3.8-point year-over-year improvement in the sector’s...
Florida’s Citizens: $200M Reinsurance Buy Needed to Protect Personal Lines Surplus
Mar 28 2019 // Citizens Property Insurance Corp. plans to purchase approximately $200 million in traditional reinsurance coverage for the 2019 hurricane season to protect its Personal Lines Account (PLA) surplus it says is exposed to...
Big 3 Drive Personal Auto Insurance Recovery;
Feb 4 2019 // Signs of Rate Hike Fatigue Ahead Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The...
Delta General Agency Adds Buchtler as Personal Lines Manager
Jan 28 2019 // Sean Buchtler has joined Houston-based Delta General Agency Corp. as manager of Personal Lines. Buchtler has many years of underwriting and sales experience with a career focus in personal lines. He brings knowledge and...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Jan 16 2019 // Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the...
Warren G. Bender Adds Makis as Personal Lines Account Executive in California
Dec 31 2018 // Warren G. Bender Co. has named Stephen Makis an account executive in its personal lines department. He has more than 16 years of experience in providing personal insurance consultation throughout California and other...
EMC Insurance Exits Personal Lines Business; Safeco to Accept Accounts from Agents
Oct 31 2018 // Liberty Mutual’s Safeco insurance has agreed to accept the $132.5 million in personal lines business of Iowa-based EMC Insurance Companies. Safeco is offering EMC’s independent agents the opportunity to...
Nguyen Promoted to Personal Lines Manager at Texas All Risk, Select General Agencies
Oct 11 2018 // Dallas-based Texas All Risk General Agency Inc. and Select General Agency LLC have promoted Binh Nguyen to personal lines manager. Nguyen will oversee underwriting and customer service for Texas All Risk homeowner’s...
New ISO Personal Property Product Targets Millennials, Empty Nesters
Oct 8 2018 // ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The...
Chubb Names Parsons Sales Leader for North America Personal Risk Services
Oct 5 2018 // Chubb has appointed Mary Parsons, executive vice president, Sales and Distribution leader, for its North America Personal Risk Services (PRS) division. In this role, Parsons will be responsible for achieving profitable...
UK Regulator to Probe Personal Lines Providers for Overcharging Customers
Sep 28 2018 // Telecoms and financial services companies face an investigation by Britain’s competition regulator after consumer body Citizens Advice complained that customers who do not switch providers were being “ripped...
Donegal Exits Personal Lines Insurance in 7 States, Transfers Business to Safeco
Sep 11 2018 // Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to Safeco...
Lockton Names Hill Personal Lines Leader in Nevada
Aug 30 2018 // Lockton has named Connie Hill to its signature client group in the Mountain West region. Hill is located in Lockton’s Las Vegas, Nev., office and will lead on providing advice and counsel to successful individuals...
QBE North America Sells Its Personal Lines Business to Safeco
Aug 16 2018 // QBE North America has sold its personal insurance independent agency policies in 47 states to Safeco Insurance, a division of Liberty Mutual. The agreement was effective August 15, 2018. The terms of the transaction were...
Warren G. Bender Co. in California Names Wood Personal Lines Manager
Jul 23 2018 // Warren G. Bender Co. in Northern California has named Jeffrey Wood manager of its personal lines department. He has 21 years of experience in personal insurance. He was previously an agent with Albano, Dale, Dunn &...
3 Reasons Your Clients Need to Buy Personal Umbrella
Jun 18 2018 // There are at least three reasons for an individual to buy a personal umbrella policy. To begin with, the primary policies otherwise available generally do not provide liability limits commensurate with the exposure such...
State Farm to Cut Personal Auto Rates by 3% in Alabama
Jun 4 2018 // Approximately 950,000 State Farm Mutual Automobile Insurance Co. personal auto insurance customers in Alabama will see rate reductions starting this month, according to the nationwide insurance company. Thanks to the...
State Farm to Cut Personal Auto Rates by 3% in Alabama
May 24 2018 // Approximately 950,000 State Farm Mutual Automobile Insurance Co. personal auto insurance customers in Alabama will see rate reductions starting next month, according to the nationwide insurance company. Thanks to the...
