Patricia Wells

CNA Financial Corp. Reports Significant Decline in Q4 2024 Earnings CNA Financial Corp., a prominent player in the insurance sector, has recently disclosed its financial results for the fourth quarter of 2024. The company reported a net income of $21 million, a sharp decline from the $367 million earned in the same quarter the previous … Read more

Revolutionizing Customer Engagement in Personal Lines Insurance: Insights from Casey Kempton In the evolving landscape of personal lines insurance, Casey Kempton, the president of Nationwide Personal Lines, is spearheading a movement aimed at enhancing customer engagement. With a robust background in cognitive anthropology, Kempton emphasizes the importance of understanding the mental models that homeowners and … Read more

Allstate Auto Insurance Recovery: A Comprehensive Overview of Recent Developments Allstate Insurance has recently made significant strides in revitalizing its auto insurance sector, a move that has successfully restored profitability to its target levels. Mario Rizzo, the president of property-liability, shared insights during an earnings call with analysts, highlighting the effective strategies implemented to turn … Read more

Southern California Braces for Mudslides and Debris Flows Amid Rainfall Predictions As Southern California prepares for a significant weather event next week, meteorologists are sounding the alarm regarding the heightened risk of mudslides and debris flows in areas affected by recent wildfires. With forecasts indicating substantial rainfall, residents in regions like the Eaton and Palisades … Read more

Allstate Corp. Posts Strong Q4 Results Despite Catastrophe Losses Allstate Corporation, a leading insurance provider based in Northbrook, Illinois, has reported impressive financial results for the fourth quarter of 2024. The company recorded a net income applicable to common shareholders of approximately $1.9 billion, marking a significant increase of 30% compared to the same period … Read more

Understanding California Wildfire Insurance: The Real Impact on the Industry The insurance sector often finds itself overshadowed by more glamorous industries like technology and entertainment. Nevertheless, it plays a crucial role in our economy, particularly when it comes to managing risks associated with natural disasters, such as the increasingly frequent wildfires in California. Recent discussions … Read more

California Wildfires and Their Impact on Property Insurance: A Deep Dive California has long been a battleground for wildfires, but recent events have exacerbated the challenges faced by the state’s property insurance market. A recent commentary from AM Best sheds light on the alarming trends emerging from these devastating wildfires, particularly the recent Los Angeles … Read more

State Farm General Seeks 22% Rate Increase Amid Wildfire Crisis in California In a significant move reflecting the growing challenges in the insurance market, State Farm General has formally requested the California Department of Insurance to approve an interim rate increase averaging 22% for homeowners. This request comes on the heels of devastating wildfires in … Read more

Oklahoma Insurance Department Takes Action Against Unauthorized Auto Warranty Sales The Oklahoma Insurance Department (OID) has recently issued a significant Cease-and-Desist Order against Select Auto Inc., which operates under the name Select Auto Protect. This action comes in response to allegations of the unauthorized sale of auto warranty contracts within the state. Effective immediately, Select … Read more

A federal judge in Manhattan has recently extended a preliminary injunction that prohibits three employees of Alliant Insurance Services from contacting or soliciting current clients of Marsh & McLennan Agency (MMA). This legal decision comes in response to allegations that these employees took confidential client information when they abruptly resigned from MMA. Legal Context of … Read more