Susanne Sclafane
Executive Editor at Insurance Journal
Executive Editor at Carrier Management
Senior Editor, Wells Media
Articles
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1 week ago |
carriermanagement.com | Susanne Sclafane
“Too big to fail”—a phrase associated with interconnected publicly traded financial services companies in the wake of the 2008 financial crisis—was revived in a new context last week. Executive SummaryDuring a three-day hearing about State Farm General’s request for an interim emergency homeowners insurance rate increase last week, testimony centered on the financial condition of the California affiliate of State Farm Mutual Automobile Insurance Company.
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2 weeks ago |
carriermanagement.com | Susanne Sclafane
Lawyers for State Farm General, the California Department of Insurance and Consumer Watchdog, presented opening arguments in a hearing to determine the fate of State Farm’s request for an emergency homeowners rate increase yesterday. The public hearing in Oakland, Calif. before Administrative Law Judge Karl-Fredric Seligman, was originally set for parties to present arguments for and against a 22 percent rate hike.
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3 weeks ago |
insurancejournal.com | Susanne Sclafane
While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The insurtech recently announced the launch of Lemonade Car in the state of Colorado. At the same time, the company announced a significant milestone in its history—surpassing $1 billion in in force premiums across all lines.
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4 weeks ago |
carriermanagement.com | Susanne Sclafane
Parts of Progressive’s year-end earnings call early this month sounded a bit like Lemonade’s Investor Day last year—with both focused on how automation supports growth without adding people. In November last year, Lemonade had described a culture built on technology—in which Lemonade “makers” (employees) have no fear of AI taking over tasks they handle at any point in time—and displayed graphs of in force premiums steadily climbing while the employee count remained flat.
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4 weeks ago |
carriermanagement.com | Susanne Sclafane
While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The InsurTech announced the launch of Lemonade Car in the state of Colorado this week, at the same time as the company announced a significant milestone in its history—surpassing $1 billion in in force premiums across all lines.
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