Personal auto
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The commercial lines bellwether reported positive quarterly earnings, but challenges may still be ahead. -
March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%.
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This brought the Manheim used vehicle value index to 223.5, an increase of 24.8% from a year ago.
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InsurTech Sigo Seguros has raised $5.4mn in its seed funding round, co-led by Listen Ventures and Chingona Ventures.
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Paid-to-incurred trends have remained flat compared to past cycle turns, and firms have reacted quickly.
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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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The insurer plans to take more rate throughout the year.
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The more important driver of past downswings in loss costs has been unemployment.
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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.)
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The firm reported quarterly earnings featuring disappointing personal auto loss cost trends.
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The firm is an outlier on the negative side both in its state mix and the speed of its rating actions.
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