-
The Truist-owned broker aims to make purchasing and managing home and auto coverage easier for retail clients. -
For the month, motor vehicle insurance costs rose 0.8%, compared to 0.7% in March.
-
Premium renewal rate change for major commercial lines of business moved up year-on-year, except workers’ compensation, which remained negative.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The program focuses on underserved mid-fleet trucking accounts.
-
Unlike other P&C lines who managed to deliver combined ratios averaging in the low-to-mid-90s, commercial auto averaged 106% for around the last decade.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Nirvana aims to use telematics data to help trucking fleets mitigate risk, improve driver performance, and simply the trucking insurance process.
-
An examination of the costs of claims found a 21.3% increase in total costs in 2019 over 2015 when an attorney is involved.
-
While the report categorized auto as “challenging” overall, cyber remains the most problematic, with Aon predicting that rate pressure will continue for at least the first half of 2022.
-
Investors were reacting to the $257mn underwriting loss the company reported for Q4, and concerns the carrier’s rate increases are lagging the rise in claims severity trends.
-
The chief executive said a surge in costs for labor, auto body repairs and rental cars, along with the lagged effect of earned rate increases, all weighed on Kemper’s results.
