{"id":2424,"date":"2022-12-16T15:50:17","date_gmt":"2022-12-16T15:50:17","guid":{"rendered":"https:\/\/test.veracityid.com\/?p=2424"},"modified":"2023-01-18T00:47:39","modified_gmt":"2023-01-18T00:47:39","slug":"state-farm-leans-into-the-storm","status":"publish","type":"post","link":"https:\/\/test.veracityid.com\/new\/state-farm-leans-into-the-storm\/","title":{"rendered":"State Farm Leans into the Storm"},"content":{"rendered":"\n<p><strong>State Farm Leans into the Storm<\/strong><\/p>\n\n\n\n<p>For most carriers 3<sup>rd<\/sup> quarter 2022\u2019s underwriting results scream retrenchment:&nbsp; <a href=\"https:\/\/www.pandcspecialist.com\/c\/3854344\/499324\/auto_carriers_suffered_double_digit_loss_ratio_spikes?referrer_module=issueHeadline\">double digit deterioration<\/a> in combined ratios are leading carriers to radically dial back their marketing machines \u2013 only a handful of carriers are adding significant volume to their book \u2013 most of them small and\/or niche players.<\/p>\n\n\n\n<p>But then there\u2019s State Farm who despite its eye watering 20-point deterioration in its personal auto loss ratio has <a href=\"https:\/\/www.pandcspecialist.com\/c\/3844664\/498244?referrer_module=searchSubFromPCIS&amp;highlight=geico\">grown its book<\/a> by ten percent since 3Q 2021.&nbsp;<\/p>\n\n\n\n<p>Why? The simplest explanation is that after losing share in the previous few years, the nation\u2019s biggest P&amp;C carrier is using today\u2019s market turmoil as an opportunity to win some of it back. But everyone else is asking: \u201cyes but will it be profitable business\u201d.&nbsp;<\/p>\n\n\n\n<p>Only time will tell.<\/p>\n\n\n\n<p><em>VeracityID delivers composable risk-selection solutions to P&amp;C insurers on a native cloud platform called idFusion\u2122. Offered as a subscription service, idFusion integrates with online origination\/transaction processing platforms and core systems to deliver user-designed, in-transaction risk detection, intervention, and resolution solutions.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/em>www.veracityid.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Farm Leans into the Storm For most carriers 3rd quarter 2022\u2019s underwriting results scream retrenchment:&nbsp; double digit deterioration in combined ratios [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2425,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,1],"tags":[],"class_list":["post-2424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State Farm Leans into the Storm - VeracityID<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/test.veracityid.com\/new\/state-farm-leans-into-the-storm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Farm Leans into the Storm - VeracityID\" \/>\n<meta property=\"og:description\" content=\"State Farm Leans into the Storm For most carriers 3rd quarter 2022\u2019s underwriting results scream retrenchment:&nbsp; 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