Archive

Farmers Insurance wins approval for California home insurance pricing overhaul

It incorporates elements from insurance commissioner Ricardo Lara's Sustainable Insurance Strategy

Farmers Insurance appoints John Pham as chief strategy and risk officer

Farmers Insurance expands home coverage in California, and seeks rate rise

The new rating plan requests a 6.99% average state-wide rate increase

New York regulator fines eight auto insurers for cybersecurity violations

Farmers Insurance data breach hits over 1m customers

Insurer faces potential lawsuit as personal data may have been compromised

AM Best flags further worsening in cost and availability for Californian property cover

Using historic data for pricing increasingly "unwise" as new climatic paradigm emerges

Christian Vink becomes Farmers Insurance CRO

California wildfires could cost insurers even more this year

AM Best says this year's wildfire season is about a month ahead of schedule

Hawaiian insurers look on as hurricane Douglas approaches

State Farm Group, Heritage Insurance Holdings Group and Tokio Marine are the main writers for homeowners' multi-peril lines

Travelers warns of $114m Q2 Covid-19 losses

Insurer also expects $400m subrogation wildfire-linked recoveries in Q3