Personal lines rates reaccelerate in April as loss trends remain problematic
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Personal lines rates reaccelerate in April as loss trends remain problematic

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
May 02, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
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.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

ResearchPersonal linesRatesRegulationAllstateFarmers Insurance
AR
Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
Contact
Gift this article