IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s March 31, 2025 According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start...
10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023 January 18, 2024 By Chad Hemenway According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a...
Auto Insurance Results ‘Historically Bad’ in 2022: S&P May 12, 2023 In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a...
Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable April 28, 2023 By Chad Hemenway The Hartford Financial Services reported first quarter 2023 net income of $535 million, nearly a 21% increase over $443 million...
Auto Insurance Shopping Rises as Consumers Seek Better Rate April 20, 2023 Auto insurers have been forthcoming in their desire to achieve rate to match increases in claims costs and, so far...
March Results Dampen Progressive Q1 Net Income Momentum April 13, 2023 By Chad Hemenway Progressive Corp. today reported first quarter net income of about $448 million – a 43% increase compared to the same...
Heavier Vehicles, Distracted Drivers Impacting Claim Severity March 17, 2023 By Jim Sams US roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted,...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman August 16, 2022 The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative...
Fitch Sees 2020’s Personal Auto Insurer Profits as Unsustainable March 8, 2021 Highly profitable sub-90 personal auto combined ratios recorded by 10 publicly traded property/casualty insurers in 2020 don’t look anything like...
Is the Adult Child Covered When She Moves Out? July 31, 2019 By Patrick Wraight I received this question recently. “Will my customer’s personal auto policy cover their adult child that has moved out of...