Personal auto
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McKee sided with the ACPIA, who have opposed the legislation due to the potential for raised costs. -
Progressive’s June results point to worsening underlying trends for personal auto carriers.
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The Florida Office of Insurance Regulation asked insurers to report virtually every type of policy in effect at the 12-story Champlain Towers South.
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It may take a few more months for personal auto carriers to see the full extent of the impact.
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The price rise, which pushed the CPI motor vehicle insurance index up 1.2%, was below the 16.9% rise the Bureau of Labor Statistics reported in May.
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Logan McFaddin, a lobbyist for the APCIA, applauded the governor's use of his veto over legislation.
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The personal lines giant's best approach to growth may be sticking to its proven strengths.
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The deal combines the two major mobile telematics companies, which will now cover 21 of the 25 top US auto insurers.
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The personal lines giant's results are showing a reversion to pre-pandemic trends.
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The start-up recently announced its move into the $300bn auto insurance market, adding to its life, health, renters, homeowners and pet health offerings.
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Personal auto carriers lowered rates in response to 2020’s loss cost trends, but chasing market share now could be a mistake.
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Consumer Price Index data points to short-term and long-term risks to the P&C industry.
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