Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best November 15, 2023 By Allen Laman AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today,...
Insurtech Hippo Lays Off 20% of Employees October 30, 2023 By Chad Hemenway Insurtech Hippo Holdings said it has “initiated an organizational realignment” by laying off about 120 employees, or 20% of its...
Liberty Mutual Announces 850 Additional Layoffs October 27, 2023 By Andrew G. Simpson Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce,...
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time October 20, 2023 By Chad Hemenway and William Rabb In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying...
American Family Insurance Confirms Staff Reductions October 13, 2023 By Chad Hemenway American Family has confirmed recent reports of layoffs, saying that it is “working to increase efficiency and manage costs” across...
Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges August 28, 2023 By Ezra Amacher Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of...
Insurance Agency EverQuote to Lay Off Nearly 100 Employees July 11, 2023 By Ezra Amacher Online insurance agency EverQuote will lay off nearly 100 employees at its Evansville, Indiana office as part of plans to...
Insurtech Root Lays Off 330 Employees as Loss Costs Increase January 24, 2022 By Elizabeth Blosfield Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately...