Personal lines pressure continues as carriers pull back, make staff cuts

Shelby Rosenberg

October 24, 2023

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Ahead of third-quarter earnings, many personal lines insurers are pulling several levers to right-size their operations, including conducting layoffs and reducing exposure.

Yesterday, Kemper announced that it will take a $78mn reserve charge in Q3 related to personal injury protection claims in Florida.

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Topics

News Homeowners' insurance Personal auto Farmers Insurance Berkshire Hathaway

Shelby Rosenberg

Reporter