7+ hour, 18+ min ago  (402+ words) Two recent court decisions have addressed the issue of subrogation rights of insurance companies against upstream or downstream vendors that experience a data security breach: Axis Insurance Company v. Barracuda Networks, Inc. and Travelers Casualty and Surety Company. of America v. Blackbaud,…...

4+ week, 14+ hour ago  (366+ words) State Farm will be moving 13, 000 of its 62, 000 employees who now work in its Corporate Headquarters and the Illinois Operations Center in Bloomington, Ill. to another location" Corporate South"by the end of 2027. "We simply have too much office space in Bloomington…...

1+ mon, 2+ week ago  (1157+ words) While competition in personal auto insurance is rising to levels high enough to dent customer retention at GEICO, a giant mutual insurer and a reciprocal exchange have both tapped into a customer-friendly option unavailable to large stock insurers. Related article:…...

1+ mon, 3+ week ago  (665+ words) State Farm reported an underwriting gain of $1. 5 billion for its property/casualty businesses in 2025, representing a turnaround from an underwriting loss of more than $6 billion in 2024and more than $10 billion of underwriting losses in each of the two prior years. While…...

2+ mon, 3+ week ago  (630+ words) Kin, a direct-to-consumer digital personal lines insurer, announced the launch of auto insurance in Florida and Texas. The auto insurance is currently available only as part of a bundle, not as a standalone product. Home insurance customers who choose to…...

3+ mon, 1+ week ago  (546+ words) New York Governor Hochul's State of the State address proposes a crackdown on fraud to limit the rising costs of auto insurance. According to the governor's office, New Yorkers pay some of the highest car insurance rates in the nation,…...

3+ mon, 2+ week ago  (748+ words) In their latest report on the U. S. auto insurance market, analysts from S&P Global Market Intelligence predict the strongest overall U. S. property/casualty insurance underwriting results in 18 years for 2025, driven by favorable private passenger auto outcomes. Still, while their 2025 projected combined…...