AM Best: P&C industry recorded a $22.9 billion net underwriting gain in 2024
— March 24, 2025The U.S. property and casualty (P&C) industry recorded a $22.9 billion net underwriting gain in 2024,
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Insurance
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Tesla recalls 46,000 Cybertrucks, ongoing vandalism could affect insurance rates
— March 24, 2025Tesla has recalled 46,096 model year 2024 and 2025 Cybertrucks to replace a stainless steel exterior
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Washington OIC advocates for restitution authority, uniformity in fines
— March 21, 2025Washington Insurance Commissioner Patty Kuderer once again spoke before the House Consumer Protection
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GEICO allegedly increasing premiums despite ‘Accident Forgiveness’ benefit enrollment
— March 21, 2025A class action lawsuit filed in Texas against GEICO alleges the insurance company has falsely advertised
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Liberty Mutual to sunset Safeco brand in 2026
— March 19, 2025Liberty Mutual Insurance has announced it will market and sell all of its personal lines products solely
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Chubb creates new division within its North America Middle Market
— March 19, 2025Chubb recently announced the creation of a new division within its North America Middle Market organization,
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California insurance commissioner to question State Farm’s financial stability in April hearing
— March 18, 2025California Insurance Commissioner Ricardo Lara has allowed a provisional emergency interim State Farm
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Vermont bill looks to set minimum labor rate for repair facilities
— March 17, 2025A Vermont bill would set a minimum reimbursement hourly labor rate for repair facilities that will apply
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Minnesota legislators seek to mandate insurers cover pre-loss condition repairs at full cost
— March 12, 2025Minnesota bill HF1322 and its companion in the Senate aim to amend current law to mandate that auto insurance
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Maryland insurance commissioner backs insurer-opposed telematics regulation bill
— March 7, 2025Maryland Acting Insurance Administration (MIA) Commissioner Marie Grant told a Senate committee Wednesday
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