Personal auto
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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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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.
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Discovery has spent a decade pioneering telematics in the South African auto market, devising a system based on incentivizing good driving using “gamification”.
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SafeAuto provides auto insurance in 28 states and wrote around $335mn in direct written premiums in 2020.
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CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis.
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