Allstate, Farmers Insurance lead push for homeowners rate hikes in H1

The Allstate Corp. and Farmers Insurance Group of Cos. obtained the greatest number of rate increase approvals for homeowners insurance during the first half of 2021 as the industry sought to get ahead of losses from recent catastrophes and rising prices for home repair materials. Allstate and Farmers Insurance secured approvals for 197 total rate increases across the U.S., mor...

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Aug 2021

News

Smartphone, connected car data may hold key to faster auto quotes

A connected car manufactured by BMW Source: Getty Images Auto insurance and analytics companies are looking at data from drivers' smartphones and on-board vehicle computers to help offer consumers up-front coverage quotes, and potentially lower rates. Historically, drivers looking for auto insurance have heavily emphasized price when making purchase decisions. Usage-based insur...

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Aug 2020

Research

Managed Care Providers Post Insurance Industry's Highest CEO Compensation R

Health insurers accounted for three of the four highest ratios of CEO compensation to median employee salaries among the largest public insurance companies, an S&P Global Market Intelligence analysis finds. Centene Corp. and UnitedHealth Group Inc. topped the table of this analysis, which is based on self-reported pay ratios for 2019. Centene's Michael Neidorff, the company's c...

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