Increase in P/C Insurers’ Losses in 2017 Will Again Be Driven by Auto: S&P

June 29, 2017

  • June 29, 2017 at 2:25 pm
    Agent says:
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    They had better get a handle on what to do with the cell addicts or their loss ratio will continue to deteriorate.

    • June 30, 2017 at 12:05 pm
      SacFlood says:
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      Simple. Just add another signature, stating no coverage if loss is due to cellphone use. Exclude, exclude, exclude.

      • June 30, 2017 at 3:51 pm
        Agent says:
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        Manuscript endorsements work for me on the exclusion, but the cell addicts sore losers would say it is not fair and sue.

      • July 5, 2017 at 8:08 am
        CL PM says:
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        Wouldn’t that just mean the UM and UMPD loss ratios will rise? The accidents will still happen and injured parties will seek coverage somewhere. Plus, I don’t think that proving cell phone usage is the cause of an accident is foolproof.

        • July 5, 2017 at 3:42 pm
          Rosenblatt says:
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          “I don’t think that proving cell phone usage is the cause of an accident is foolproof.”

          I agree 100%.

          For just one example (as I’ve mentioned in other threads): my wife and I drive together all the time and, when I’m driving, I have her respond to texts from my phone from the passenger seat. If I got into a loss and someone checked the logs and saw “I” was texting, that’s a false positive and I couldn’t prove otherwise.

  • June 30, 2017 at 4:35 pm
    IndAgent says:
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    So the company excludes the coverage and they cause an accident with another car, now that party’s insurance will have to pay?
    How does that help !

    • July 5, 2017 at 11:22 am
      Agent says:
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      Ever hear of subrogation actions against the cell addicts that cause an accident?

  • August 18, 2017 at 10:13 am
    HK Agent says:
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    Cell phones do not help that’s for sure. But also to replace a bumper on a $18,000 Ford Focus costs $2,500 vs. $750 back before all these motion sensors. Sensors cannot be fixed; only replaced new due to liability issues with body shops. This is the driving factor. Also, vehicle ownership is a rating factor now due to all these very distracting “bells & whistles” even standard cars come with.



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