In a monthly update, Allstate noted slight shifts across its insurance portfolio. Allstate Protection auto policies declined marginally in April, while commercial lines dropped by 31.6%. In contrast, homeowners policies increased by 2.5%, contributing to a 0.3% rise in total policies in force to 37,812.
Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link
“Before the collapse, this carrier was willing to take on significant portions of coverage, sometimes assuming 40-60% of a placement on a quota-share basis,” he told Insurance Business. “However, after the incident, they have reassessed their approach. Now, they are cutting back their limits—where they once provided $250 million in coverage, they may now only…
The truck repair industry is crucial in maintaining the U.S. transportation infrastructure by ensuring commercial trucks remain operational. As demand for reliable freight transport grows, the industry has seen steady expansion in recent years and is expected to continue its upward trajectory. Operating a truck repair shop involves servicing large vehicles such as on-highway, vocational,…
Interest in embedded auto insurance—offered through auto dealers, manufacturers, or financing companies—was reported by 37% of respondents. This type of insurance attracted more attention from younger customers, particularly those in Generations Y and Z, with 47% expressing interest. Among those who cited service as their primary reason for shopping, 48% said they were interested in…
