Following record performance in 2020 from pandemic-induced reductions in driving activity, U.S. personal auto insurance underwriting results deteriorated sharply in 2021, with more pronounced weakness ...
Following a month when the auto default rate remained steady, credit availability for new paper tightened. Those findings are among the latest observations from Cox Automotive, S&P Dow Jones Indices ...
Perhaps underwriting standards aren’t quite as relaxed now as they might have a been a few quarters ago, but Fitch Ratings still is expecting to see “new entrants” into subprime auto financing during ...
NEW YORK--(BUSINESS WIRE)--The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting ...
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Why Car Insurers Are Under Pressure to Cut Rates
What’s worse for car insurers: a trade war or a price war? Consumers might like the answer, but investors probably won’t. Back in February, insurance groups began warning that stiff import levies ...
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Auto-Owners Insurance, one of the leading property and casualty insurers in the U.S., has selected Carpe Data, an award-winning provider of small commercial ...
At the end of 2025, Progressive had more than 38 million policies in force across its insurance businesses, up roughly 10% from the prior year. Personal lines policies in force reached 37.4 million in ...
Through the third quarter of 2024, the direct incurred loss ratios for the homeowners/farmowners and private passenger auto lines of business improved significantly year over year, with the homeowners ...
PICC P&C 02328 reported 7.2% growth in net earned premium and 19.4% growth in net profit for 2022. As expected, the auto insurance combined ratio improved to 95.6% from 97.3% in 2021. Despite a ...
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