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Nationwide’s recent exit from its E&S commercial auto business has spurred a flurry of speculation as to what's next for the space. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Shortly after GuideOne’s announcement, AM Best said it had placed the company’s FSR of A- (excellent) and long-term issuer credit rating of a- (excellent) under review with negative implications.
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Inside P&C’s news team runs you through the key highlights of the week.
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Farmers Insurance becomes the latest major national carrier to pump the brakes in California, limiting new business to only 7,000 policies per month, signaling further problems in the state’s homeowners’ market.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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It was the largest daily drop Progressive stock has experienced since August 2008.
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Sources said the Japanese insurer will pull back from the California personal auto market in June 2025 as it is set to exit the state’s admitted personal lines market on June 1, 2026.
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Axa’s lack of success in selling its more volatile XL Re segment has led the insurer to cut back on those lines, but the current rate environment makes this a good time to revisit a sale.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Nearly 30 new players have entered the market in the past two and a half years, with three already having closed.
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Motor vehicle insurance price increases moderated to 16.9% from 17.1% in May, while the all-items CPI slowed to 3.0% from 4.0%.
