Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines in the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company …
Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters, homeowners, pet and life insurance offerings in the U.S. The insurtech announced it is readying what it calls Lemonade Car …
Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA). The Texas Department of Insurance granted TAIPA’s filing for a 4.9% increase private passenger rates and a …
The North Carolina Rate Bureau has reached a settlement with the North Carolina Department of Insurance to raise personal auto insurance rates by 1.6 percent, according to a statement by NCDOI. The NCRB, which is not a part of NCDOI …
The annual auto insurance filing from the North Carolina Rate Bureau to the North Carolina Department of Insurance calls for an overall statewide average increase of 7.6 percent, according to a statement from Insurance Commissioner Mike Causey. The NCRB represents …
Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment returns have convinced them to maintaining a stable market segment outlook for the personal lines …
North Carolina’s insurance regulator says he’s reached a deal with auto insurers for a premium increase of just over 2 percent instead of the nearly 14 percent average increase companies sought in February. The state Insurance Department said Thursday the …
The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision, made by Commissioner Mike Causey …
The North Carolina Rate Bureau (NCRB) is requesting an average increase of 13.8 percent on private passenger automobile insurance rates in its latest filing with the North Carolina Department of Insurance (NCDOI). NCRB files rates on behalf of all insurance …
This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by S&P Global Market Intelligence. The firm’s 2016 U.S. …
