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.

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InsurTech Profile: Tech Innovation Guides Work at Turvi

1 week ago | carriermanagement.com | Allen Laman

Maybe it had something to do with being a kid when the first “Star Wars” movie was released. Or maybe it was that sense of satisfaction from writing a line of code on an Apple II and watching the computer act on it. Enter your email to read the full article. Work Email Address Yes, send me the free daily newsletter with insights for P/C carrier executives
Is State Farm General Too Big to Fail? Calif. Rate Hearing Concludes

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.
In Fight Over Insurance, Neighbors Crowdsource LA Fire Contamination Data

1 week ago | carriermanagement.com | Claudia Lauer |Sally Ho

All sense of survivors’ guilt was fleeting for those residents whose homes remained standing after wildfires ripped through the Los Angeles area three months ago. Many worried that smoke from the Eaton wildfire that destroyed more than 9,000 structures and killed 18 people may have carried toxins, including lead, asbestos and heavy metals, into their homes. But they struggled to convince their insurers to test their properties to ensure it was safe to return.
Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk

2 weeks ago | carriermanagement.com | Allen Laman

Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that roof-related line items made up more than a quarter of all residential claim value in 2024. Wind and hail were the predominant drivers of these loss costs and accounted for more than half of all residential claims.
State Farm's California Emergency Rate Request Dropped to 17% - Carrier Management

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.
USDA Opens 59% of Federal Forest for Logging to Manage Wildfire Risk

2 weeks ago | carriermanagement.com | Ilena Peng

Agriculture Secretary Brooke Rollins placed nearly 113 million acres of forest — amounting to 59 percent of all federally managed forests — under an emergency determination aimed at boosting logging and reducing wildfire. The directive issued by Rollins on Friday encourages forest management, including the harvest of dead or dying trees. Rollins said the move comes as President Donald Trump signed an executive order in March to boost US timber production by 25 percent.
Early CSU Hurricane Season Forecast Calls for 'Above-Average' Activity - Carrier Management

2 weeks ago | carriermanagement.com | Chad Hemenway

The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025. CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named storms and nine hurricanes – with four major hurricanes of at least Category 3 (111 mph or more) strength. The average hurricane season typically has 14 named storms, seven hurricanes and three major hurricanes.
Majority of Small Biz Leaders Think AI Will Play 'Crucial Role' in Work Safety - Carrier Management

2 weeks ago | carriermanagement.com | Allen Laman

More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of decision-makers from just over a thousand small businesses found that 64% of leaders are bullish about AI’s role in workplace safety in the near future. The survey found 81% of those businesses are open to incorporating AI into daily operations and that 44% actively use AI today.
Tiffany Diamond Earrings Valued at $770K Recovered 2 Weeks After Suspect Swallowed Them

3 weeks ago | carriermanagement.com | Mike Schneider

Detectives have recovered four diamond earrings from a suspected thief two weeks after he gulped the Tiffany & Co. jewelry worth nearly $770,000 during his arrest on the side of a highway in the Florida Panhandle, authorities said Friday. The last of the four earrings stolen from the Tiffany store in Orlando was recovered from the suspect last week, the Orlando Police Department said Friday.
Revisiting California's Wildfires: A Personal Journey - Carrier Management

3 weeks ago | carriermanagement.com | Russ Banham

Last weekend, my wife, Jenny, and I drove three miles from our home to see firsthand the widespread devastation caused by the Eaton Fire in Altadena. Executive Summary In this second article in a two-part series, Journalist Russ Banham endeavors to better understand the factors behind the devastating fires in Los Angeles County and the roles that public officials, fire suppression personnel, insurance regulators, insurance carriers and homeowners can play to forge a safer future.