Tag: Auto Insurance

Beneva Accelerates Auto Insurance Digitalization Using Guidewire APD

Beneva accelerates its auto insurance digital capabilities by transitioning product definitions to Guidewire's Advanced Product Designer (APD), enabling faster digital delivery and business user flexibility. The insurer, in partnership with GFT, completed the conversion in eight weeks, setting a benchmark in insurance product modernization.

State Farm Approved for Louisiana Auto Rate Decrease and Homeowners Increase

Louisiana Insurance Commissioner approves State Farm's 5.9% auto insurance rate decrease and 9.7% homeowners insurance increase, highlighting shifts in loss experience and hurricane risk modeling.

State Farm Approved for 5.9% Auto Insurance Rate Reduction in Louisiana

State Farm gains approval for a 5.9% average personal auto insurance rate decrease in Louisiana due to lower physical damage claims, impacting over 1 million policyholders.

State Farm Auto Insurance Rates to Drop 5.9% in Louisiana for 2026

State Farm will reduce auto insurance premiums by 5.9% for Louisiana policyholders in 2026 amid lower claim frequency and loss costs, while homeowners rates rise due to hurricane risk modeling.

Louisiana Approves State Farm Auto Rate Decrease and Homeowners Rate Increase

Louisiana Insurance Commissioner approves significant State Farm rate changes: 5.9% decrease in auto insurance and 9.7% increase in homeowners insurance reflecting updated risk models.

Why Comparing Bundled vs. Separate Insurance Policies Matters for Savings

Explore the benefits and pitfalls of bundling home and auto insurance. Learn why comparing separate and combined policy rates is crucial for true cost savings.

New York’s High Insurance Costs Driven by Legal and Regulatory Factors

New York's insurance premiums are among the highest in the U.S., driven by no-fault auto insurance laws, the Scaffold Law, and rising litigation finance. Legal reforms could reduce costs and improve market competition.

Canadian P&C Insurers Improve Underwriting Profits Amid Lower Natural Catastrophe Losses

Canadian P&C insurers post strongest underwriting profits in seven quarters driven by reduced natural catastrophe losses and strategic pricing amidst regulatory challenges.

Louisiana Approves State Farm Auto Rate Cut and Homeowners Rate Increase for 2026

Louisiana approves State Farm's 5.9% average auto insurance rate decrease and 9.7% homeowners insurance rate increase, reflecting hurricane risk and loss trends for 2026.

Florida's Affordability Crisis: Insurance and Housing Costs Drive Legislative Focus

Explore Florida's affordability crisis driven by rising property and auto insurance costs and declining homeownership, and the 2026 legislative agenda addressing these challenges.