Personal lines rates reaccelerate in April as loss trends remain problematic
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Personal lines rates reaccelerate in April as loss trends remain problematic

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
May 02, 2023
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Monthly private auto weighted average rate change since 2021.png

Although we are still in the middle of the first quarter's earnings season, it has become apparent that trends for personal lines, and particularly personal auto, remain challenging for carriers.

For example, Progressive, in its March numbers, had to go back and add to prior period reserves, which it attributed to an uptick in the lawsuits before recent reforms took effect in Florida.

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Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
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