Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods. Less than three months into the year, natural disasters are already causing major …
What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences. Carrier Management recently asked claims leaders at two of …
Insurance rating firm AM Best has revised the outlooks to negative from stable and affirmed the superior credit ratings of Amica Mutual Insurance Co. and its subsidiary, Amica Property and Casualty Insurance Co. The companies’ Financial Strength Rating (FSR) of …
Well documented are the pains insurers are facing while trying to keep up with rising claims frequency and severity in auto lines. J.D. Power’s newest study on claims satisfaction reveals the frustration has trickled to consumers. The J.D. Power 2022 …
Insurance company Amica has reached a 10-year deal for the naming rights to the downtown Providence arena that for two decades has been known as the Dunkin’ Donuts Center. The 14,000-seat facility will now be known as the Amica Mutual …
Amica Mutual Insurance Co. announced that Edmund Shallcross III has been named the company’s next chief executive officer and president, effective Oct. 1, 2022. Shallcross will succeed Robert A. DiMuccio, who is retiring after 31 years of distinguished service, including …
After 31 years at Amica Mutual Insurance, including 17 years as its CEO, Robert A. “Bob” DiMuccio will retire at the end of 2022, the company announced. “It has been an honor to serve as Amica’s CEO. You’re only as …
Amica Mutual Insurance Co. no longer has a perfect financial strength rating from A.M. Best. More catastrophe losses and worsening automobile insurance claims severity are both to blame. Specifically, an A+ (Superior) financial strength rating (FSR), down from A++(Superior), now …
A long, cold winter has finally given way to spring, and it’s time to start cleaning up the yard and making other household repairs. Amica Mutual Insurance Company in Lincoln, R.I., reminds homeowners to consider six key areas during outdoor …
Massachusetts motorcycle owners will receive more than $2.8 million in insurance refunds as a result of settlements with two insurance companies that allegedly overcharged thousands of policyholders, according to authorities. The settlement was announced today by Massachusetts Attorney General Martha …
