Personal Lines News

Project CAP CEO Bacciocco Shares Views on Consumer Agent Portal and 2013

Independent agents should soon be getting some help with their personal lines sales— better late than never. The delayed Consumer Agent Portal — backed by the Independent Insurance Agents & Brokers of America Inc. (IIABA) and six investor insurance companies …

10 Things to Know About Home and Auto

There are more than 132 million housing units in the United States, more than 80 million of which are detached, single-family homes, and roughly one-in-four of those homes were built prior to the 1970s. (U.S. Census Bureau) In 2011, homeowners …

American Integrity, Wright Flood to Offer Residential Flood Insurance

Florida residential property insurer American Integrity Insurance Group has partnered with Wright Flood, a flood insurance provider to offer residential flood insurance. Effective April 1, 2013, American Integrity Insurance Group will make flood coverage available through its network of independent …

ACE Private Risk Survey: High Net Worth Families Overpaying to be Underinsured

Most wealthy individuals and families who insure their assets with carriers geared primarily for the average U.S. household overpay for coverage that leaves their wealth unnecessarily exposed to the risk of severe financial loss, according to an ACE survey of …

A.M. Best Downgrades National Automotive Insurance Co.

A.M. Best Co. has downgraded the financial strength rating to C (Weak) from B (Fair) and issuer credit rating to “ccc” from “bb” of National Automotive Insurance Co. (National Automotive) of Metairie, La. The outlook for both ratings is negative. …

Agents Hang Onto P/C Market But Lose Ground in Personal Auto: Study

After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. Independent agents and brokers hung onto their share of the market with some independent agency carriers gaining in market share by double digits, according …

Arbella Introduces Carpartment Insurance

The Arbella Insurance Group has launched Carpartment insurance, which offers discounts to renters insurance customers who insure their cars with Arbella. “Renter’s insurance is carried by only 31 percent of tenants nationwide, and many of the uninsured have no idea …

Penn. Regulator Advises Consumers to Review Insurance Policies This Tax Season

Tax season is in full swing, and Pennsylvania Insurance Commissioner Michael Consedine is encouraging consumers to go the extra step this year and review their insurance policies. “Facing higher tax rates this year, consumers are looking carefully at how they …

General Star Launches High Value Homeowners Program

General Star Management Co. has launched a high value homeowners program. Effective March 1, the product is offered through All Risks, Ltd, the program administrator for this new facility. Together, they will provide eligible homeowners with insurance options in 12 …

PCG Agencies Named Travelers’ Midwest Personal Lines Agency of Year

PCG Agencies Inc., a personal property/casualty insurance and risk management firm headquartered in St. Paul, Minn., has been named Travelers’ Midwest Personal Insurance Agency of the Year. PCG Agencies was chosen for this award out of a field of more …