Carrier Management

Carrier Management is an innovative resource designed for the property and casualty insurance sector. It offers essential insights for C-suite executives, directors, and senior leaders within insurance companies.

National, Trade/B2B

English

Magazine

Outlet metrics

Domain Authority

Ranking

Global

#544332

United States

#144692

Finance/Insurance

#1716

Traffic sources

Monthly visitors

Articles

FEMA Cuts Emergency Training Ahead of Hurricane Season

1 day ago | carriermanagement.com | Leah Douglas |Tim Reid |Nichola Groom |Nathan Layne

The U.S. federal disaster agency FEMA has sharply reduced training for state and local emergency managers ahead of the start of the hurricane season on June 1, according to current and former officials, memos seen by Reuters, and three sources familiar with the situation. The training cutbacks could leave storm-prone communities less prepared to handle the often devastating aftermath of hurricanes, the sources and some of the current and former officials warned.
Acting FEMA Chief Is Ousted After Less Than 4 Months

6 days ago | carriermanagement.com | Chad Hemenway

Less than a month before hurricane season, the acting administrator of the Federal Emergency Management Agency has been fired. A spokesperson with FEMA offered no reason for the dismissal, but confirmed reports that Cameron Hamilton has been removed from the post he held since he was appointed by President Donald Trump in January. David Richardson is now FEMA administrator, the spokesperson said.
Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025

6 days ago | carriermanagement.com | Chad Hemenway

Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 2024 and a loss of nearly $41 million in Q1 2023. The Columbus, Ohio-based parent company of Root Insurance said it grew Q1 gross premiums written 24% year-over-year to about $411 million while maintaining underwriting discipline.
Staff Cuts Help Fuel GEICO Profit; Not 'Pouring Money' Into AI: Jain - Carrier Management

1 week ago | carriermanagement.com | Susanne Sclafane

He’s not yet ready to declare “mission accomplished,” but Ajit Jain, Vice Chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer lagging behind competitors in several key areas. “[I]n the last seven quarters, GEICO has shown a combined ratio that has an eight in front of it. I never thought I’d live to see the day when anyone could have a combined ratio as low as it is right now.
Carrier Technology, Logistics Aid LA Wildfire Response

1 week ago | carriermanagement.com | Denise Johnson

Earlier this year, as residents were evacuated due to wildfires fueled by Santa Ana winds in drought-ravaged parts of Southern California, commercial and personal lines carriers mobilized office and field staff to swiftly respond to the catastrophe.
Florida Class Action Targets Litigation Funding Firm Over Data Breach

1 week ago | carriermanagement.com | William Rabb

Third-party litigation financing have become big business across the country, much to the chagrin of businesses and insurance companies that have faced multi-million lawsuit verdicts. But now one Florida-based litigation funding firm, which has loaned money to plaintiffs in a range of personal injury suits, including workers’ compensation and even dog bite claims, faces a potential class-action lawsuit of its own over a January data breach.
Increased Writings in Homeowners Adds to U.S. Surplus Lines Growth

1 week ago | carriermanagement.com | Chad Hemenway

Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus homeowners direct premiums written in 2023 eclipsed $2 billion for the first time to increase its share of the total property/casualty homeowners DPW to 1.5%—the highest percentage in a decade as volatility in underwriting results for admitted carriers has resulted in increased rates for property insurance.
Average U.S. Vehicle Age Approaching 13 Years, New Report Shows

1 week ago | carriermanagement.com | Allen Laman

Cars on the road are more than a dozen years old on average and they’re getting older. The average age of U.S. vehicles on the road rose to 12.7 years in 2024 and is expected to hit 13 years by 2026, a new report from CCC Intelligent Solutions shows. CCC data shows that the average vehicle age was 11.4 years in 2014.
Waymo May Offer Robotaxis for Personal Ownership in Future

2 weeks ago | carriermanagement.com | Abhirup Roy |Deborah Mary Sophia

Alphabet’s Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States.
More Americans Breathe Unhealthy Air Due to Wildfires, Extreme Heat

2 weeks ago | carriermanagement.com | Emma Court

Around 156 million Americans, nearly half of the US population, now live in areas with unhealthy levels of air pollution, part of a trend toward declining air quality as climate change-related extreme weather events like wildfires occur more frequently. That’s according to the 2025 State of the Air report from the American Lung Association, which each year tracks air quality around the nation. The report, released Wednesday, focuses on two common and dangerous pollutants: ozone and fine particles.