Personal Lines News

Tamayo Returns as CEO of MAPFRE North America; Joined by Corral

Jaime Tamayo is returning to MAPFRE North America to be chief executive officer, a post he relinquished in 2016 after eight years to become CEO of international operations for the insurer. In his return, Tamayo is succeeding his successor, Alfredo …

NJM Insurance Group Brings Personal Lines Business to Ohio

Trenton, N.J.-based NJM Insurance Group is making its personal lines insurance products available to Ohio residents for the first time in the company’s 107-year history. NJM, one of the largest and most tenured auto and homeowners insurers in New Jersey, …

U.S. P/C Insurer Impairments Rise Slightly in 2019: AM Best

The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best special report. …

The Comparative Rater Revolution: An Agent’s Story

This post is part of a series sponsored by ITC (Insurance Technologies Corporation). Comparative rating systems may seem commonplace in the 21st century as they’ve been around for more than many decades. Most independent insurance agencies rely on them every …

Northeast Insurer Plymouth Rock Assurance Launches Umbrella Coverage

Plymouth Rock Assurance, an auto and home insurance provider in the Northeast, has launched a new umbrella insurance product for customers across the six states in which it does business. Plymouth Rock’s new umbrella product was designed to give customers …

Branch Launches Personal Lines Insurance Discount Program in Missouri

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 inviting friends and family to quote with and join the Branch community,” …

The Hartford, AARP Extend Member Insurance Program to 2033

The Hartford has extended its long-standing auto and home insurance program for AARP members until Jan. 1, 2033. The Hartford’s program has been endorsed by the retired persons’ association for 35 years. Since launching in 1984, it has developed into …

Davis & Haynes to Assume Block of Stephens Insurance’s Personal Lines Business

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 & Haynes Insurance Inc. (Davis & Haynes). Davis & …

Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising

Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019 call with analysts, Allstate Chairman, President and CEO Thomas Wilson and …

With Smarter, Joined-Up Pricing, There’s No Such Thing as a Bad Risk: Viewpoint

It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks are riskier than others. However, new technologies mean new avenues of innovation for insurers to explore, providing opportunities to drastically …