Personal Lines News

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 …

Agents (Still) Looking for Underwriting Sweet Spot: Channel Harvest Survey

Whether technology is driving a “one size fits all” underwriting approach or carriers are narrowing their strike zone, this year’s independent agency survey from Channel Harvest reveals agents continue to ding companies for lack of flexibility. The latest Channel Harvest …

The PURE Group Expands Excess & Surplus Lines Offering Into California

The PURE Group has expanded its excess & surplus (E&S) high net worth offering, PURE Programs, into California. The coverage is tailored to high value, high-risk homes with broader coverage than is typically found in the high net worth E&S …

Mortgage Startup Blend Labs Enters Homeowners Market With MetLife

Blend Labs Inc., a startup that first became known by helping big banks make it easier for homebuyers to get a mortgage online, is branching out into a new industry: insurance. The San Francisco-based company is launching Blend Insurance Agency. …

Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch

Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. …

Berkshire Hathaway GUARD Enters Personal Lines Segment

Berkshire Hathaway GUARD Insurance Companies is now offering homeowners and personal umbrella coverage in Pennsylvania. The product is available through the company’s platform with a target market of one- to four-family dwellings, renters, and condo units (both owner-occupied and those …

Personal Lines Startup Sherpa Raises $2.3M for UK Launch

Insurtech startup, Sherpa, announced it has raised $2.3 million in funding from angel investors, in a venture designed to “change the way personal insurance is delivered.” “We have completely re-thought the way insurance has worked for 100’s of years,” says …

Online Property Management Service Cozy Takes On Renters Insurance Market

The renters insurance market has been a hard nut to crack for the industry, but an insurance carrier and online rental service platform hope their partnership may be the secret to breaking through. Cozy, an online property management site for …