Personal auto

Root has been mentioned seven times on Reddit message board WallStreetBets in the last two days, with many comments noting the significant short seller interest in the stock.

Discovery has spent a decade pioneering telematics in the South African auto market, devising a system based on incentivizing good driving using “gamification”.

SafeAuto provides auto insurance in 28 states and wrote around $335mn in direct written premiums in 2020.

CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis.

Activist investor Carl Icahn now owns $400mn of Allstate shares.

Any faster-than-anticipated re-opening could have a negative impact on loss cost trends.

The trade body has asked a court to invalidate the state insurance regulator’s recent emergency order.

On a forward basis, frequency estimates could look high with base figures in 2020 being significantly impacted by initial lockdown measures.

AAC wrote $359mn of net written premiums in the year to September 30, 2020

The InsurTech’s loss ratio drops 18.3 points to 57.4% amid a pandemic-related drop in driving.

The move follows the expansion of GM, Ford and Tesla into the insurance market.

Current levels of premium inflation are well below any metrics seen going back as far as January 1999.