Personal auto

The executive said Progressive was taking steps to address “persistent underperformance” in its property segment and emphasized the need to avoid concentrations of risk in areas with significant catastrophe exposure.

Excessive speed and distracted driving are among some of the monsters scaring drivers and passengers this spooky season.

Capping the firm’s positive quarterly results, Travelers noted a strong but moderating rate in the business insurance segment in a positive read-through for commercial lines carriers.

PIF growth is slowing as the firm sees worsening loss-cost trends, and this quick response will likely allow it to outperform peers again.

Premium inflation is up but remains flat compared to 2019 despite loss-cost trends, suggesting further rate action from carriers.

The Aon claims platform incorporates tech that can predict attorney involvement and subrogation risk for auto claims.

Auto insurance claims costs are sharply rising in 2021, as Americans embrace risky driving behavior following a brief decline in miles driven in the early days of the COVID-19 pandemic, APCIA said in its latest report.

The automotive company’s total costs for the recall are expected to eventually tally up to around $1.8bn.

Ida soaks the tri-state – and has the potential to affect personal auto carriers more than comparable storms of the past.

Texas’s objection to Progressive’s recent rate filings garnered attention, calling rates “excessive” and suggesting rebates instead.

The InsurTech intends to use the new paper to accelerate the growth of its “next-generation” insurance offerings in the automotive fields.

The classic car insurer is expected to trade under the ticker HGTY.