We have an article one week that many major carriers are losing money in Personal Auto and raising rates, resorting to Price Optimization or other schemes and now this one saying affordability improves in most states. What is wrong with this picture?
This article is analyzing long-term trends comparing insurance premiums as a % of income. The other articles are referencing short-term trends.
As side note, it is no coincidence that the use of credit scores in prices increased along with affordability. I know you are not a fan of credit scoring, but it works and has benefited a majority of policyholders.
We have an article one week that many major carriers are losing money in Personal Auto and raising rates, resorting to Price Optimization or other schemes and now this one saying affordability improves in most states. What is wrong with this picture?
Agent,
This article is analyzing long-term trends comparing insurance premiums as a % of income. The other articles are referencing short-term trends.
As side note, it is no coincidence that the use of credit scores in prices increased along with affordability. I know you are not a fan of credit scoring, but it works and has benefited a majority of policyholders.