Personal auto
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Turcotte, CFO since 2008, was part of the leadership that took the company public in December.
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The Manheim Used Vehicle Value Index declined to 211.6, up 8.8% from a year ago but showing a gradual decline after reaching a January peak of 236.3, except for an increase in May.
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The company delayed once again the launch of its partnership with State Farm to the first half of next year from Q4.
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The motor vehicle insurance index rose 7.4% year on year that month, from 6.0% in June, while the annual gain in all-items CPI dropped to 8.5% from 9.1%.
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The personal lines insurer’s results were also impacted by the states’ regulatory climates and inflationary trends.
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This is the second monthly decline after May and a sign of continued moderation after the index reached a peak in January.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Rate actions during the quarter was better than expected, said CEO Joseph Lacher.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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