All posts by Richard.

Allstate’s Plan to Return to Profit in Auto

Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s number one priority: improve margins. Allstate ended 2022 with an unprofitable 110.1 combined ratio in…
green coupe scale model

California Court Rules for Uber, Lyft in Ridesharing Case

App-based ride hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled Monday, allowing the tech giants to bypass other state laws…
Barber Shop located in Ninth Ward, New Orleans, Louisiana, damaged by Hurricane Katrina in 2005.

APCIA Says Property Insurance Market ‘Hardest in a Generation’

A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says in a new white…