Personal auto

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

Used car prices are on a general decline this year but the impact on personal auto insurers is yet to be seen.

Aon said supply chain disruptions are easing, shipping costs are receding and building materials and vehicle pricing are decelerating.

Tesla’s entry into the insurance market presents the firm with both opportunities and risks.

The companies have received approval from the Department of Justice under the Hart-Scott-Rodino Act and are awaiting other required regulatory approvals.

Although P&C insurers had 9% premium growth, the underwriting loss in 2021 follows a $4.4bn underwriting gain in 2020.

The medical care index increased 0.4% month over month (in line with April's increase) and 4% versus May 2021.

The firm’s emphasis on charitable giving has enabled a differentiated narrative, but the $4mn given is dwarfed by $345mn of insider selling.

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

The trend of inflated severity has been evident in the Q1 results of personal lines carriers including Kemper, Progressive, Berkshire’s Geico, The Hanover Group and Allstate.

For the month, motor vehicle insurance costs rose 0.8%, compared to 0.7% in March.

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