What Progressive’s 3rd Quarter homeowner’s losses tell us
First the obvious: Unique among its large carrier peers, Progressive participates in the Florida market and Hurricane Ian is responsible for its […]
Why do auto Insurers experience so much rate manipulation at point of sale?
The auto insurance industry has a fraud and premium leakage problem at the point of sale. Industry studies and our own work […]
State Farm Leans into the Storm
State Farm Leans into the Storm For most carriers 3rd quarter 2022’s underwriting results scream retrenchment: double digit deterioration in combined ratios […]
Tesla discovers that auto insurance is hard
In 2021 Elon Musk set a goal of “selling insurance in most states by the end of 2022” – yet currently Tesla’s […]
Carriers should perform risk selection ‘micro-surgery’ rather than ‘amputation’ during downturns.
The shockwaves from Covid, Ukraine and the Recession have hit personal line carrier bottom lines badly. Take Geico for example. The Berkshire […]
Allstate finally gets a California rate increase
Ever since the Covid pandemic began carriers have been struggling with regulators about rates. And in no place has the struggle been […]
