Horace Mann to increase 2022 auto rates 6.5%-7% following Q4 loss cost spike
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Horace Mann to increase 2022 auto rates 6.5%-7% following Q4 loss cost spike

Jairo Ibarra
February 02, 2022
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Educator-focused carrier Horace Mann plans to increase auto rates during 2022 between 6.5% and 7%, in states representing 75% of its premiums, to address the higher costs associated with claims in the segment.

“[We] will remain competitive with fair pricing for the education market while addressing the inflationary pressure,” the firm’s CEO Marita Zuraitis told Wall Street analysts during the Q4 earnings call.

The

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Jairo Ibarra
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