Insurance

Last summer, Fitch Ratings projected Geico and Progressive would overtake State Farm in auto insurance premium volume in 2023.

A Black Illinois homeowner claims State Farm practices covert racial discrimination in how it processes claims. “State Farm does not treat its Black and white homeowners insurance policyholders equally,” states a federal lawsuit filed by Jacqueline Huskey of Matteson in south suburban Chicago.

Insurance industry consultants say there are record numbers of unfilled jobs in that part of the business sector. Analyst Greg Jacobson, of the talent search firm The Jacobson Group, said insurance carrier total employment right now is about 1.56 million people, down 85,000 from two years ago.

A consumer advocacy group says newly disclosed data show that auto insurers made excessive profits during the pandemic – and that it’s proof that Illinois needs to regulate the industry more tightly.

As homeowners in central and southern Illinois and three other states count up the damage from Friday's storms that spawned twisters and high winds, insurance claims are beginning to flow into property and casualty insurers.

A group that represents State Farm and other insurance companies is warning of a “retirement cliff” over the next 15 years that will leave over 400,000 open positions unfilled industrywide.

A consumer advocacy group has urged state regulators to do more to scrutinize the growing usage-based auto insurance business in hopes of repeating what it calls a pattern of discrimination.

State Farm intends to hire 1,500 claims workers across the U.S., including in the Twin Cities, in the coming months.

Rivian’s plans to sell insurance for its electric vehicles are now taking shape, with new details released about data-driven coverage and a partnership…