Personal auto

Although year-over-year headline CPI has decreased a bit, CPI levels pertaining to insurance are on the rise.

Need to Know

This comes as the all-items consumer price index showed only a 5% gain.

The private broker said replacement cost values in the homeowners' sector will also go up this year to offset increased construction costs and inflation.

Root’s challenges generate lessons for other InsurTechs, as its stock value crash leads to a management exodus, and the banking collapse dries up funding needed to balance cash burn.

The new 2022 stat data shows personal lines premium has grown year-over-year, but the loss ratios have been hit hard by catastrophes and loss cost inflation.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

2022 statutory data is now available, and results show winners and losers

Sentiment scores across US P&C segments dropped sequentially in Q4, though InsurTechs bucked the trend.

Rate action for personal auto insurers has been increasing in 2023 to balance rising loss cost trends

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Tesla understands the data-driven nature of insurance and is looking to grow its auto insurance exposure, but the focus is on cars first