U.S. Commercial Auto Insurance Achieves Underwriting Profitability for Years
U.S. commercial auto insurance has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting P&C insurance
Car & Auto Insurance
Car insurance can help protect you from expensive, sometimes devastating surprises. Basic personal auto insurance is mandated by most provides you with some financial protection in case of an accident.
Auto insurance provides coverage for: Property – such as damage to or theft of your car, Liability – your legal responsibility to others for bodily injury or property damage and Medical – the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
Auto policy will cover you and other family members on your policy, whether driving your car or someone else’s car (with their permission). Your policy also provides coverage if someone who is not on your policy is driving your car with your consent.
Personal car policy only covers personal driving, whether you’re commuting to work, running errands or taking a trip.
New UK Government Will Claim to Reduce Car Insurance Hikes
The UK Government can reduce claims costs to lower car insurance prices, according to industry experts. The Labour Party, which polls indicate is win the general election
2024 Personal Auto Insurance Rates Overview
Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses
U.S. Commercial Auto Insurers to Remain Unprofitable in 2024
The U.S. commercial auto insurance segment to remain unprofitable in 2024, with rising claims severity from inflation and burgeoning litigation risk
US Auto Insurance Rates by States in 2024 (November)
2024 US Auto insurance rate for full coverage car insurance is $1,895, but how much you’ll pay depends largely on where you live
U.S. Auto Insurance Market Review: Premiums & Underwriting Losses
Most U.S. personal auto insurers continue to report underwriting losses despite sharper improvement in premium rates
2024 Cost of UK Motor Insurance Soared to All-Time High
The cost of UK motor insurance has soared to an all-time high heaping extra pressure on households already confronting
U.S. Commercial Auto Insurance Market: 2023 Results
US commercial auto insurance premiums increased year over year in 2023, according to S&P Global Market Intelligence. The sector will see a combined ratio of 97–98%
Types of Telematics Insurance: Usage-Based Insurance, Pay-As-You-Drive & Pay-Per-Mile
Telematics insurance – usage-based insurance, pay-as-you-drive & pay-per-mile insurance, that you can get a discount on your car insurance
7 New Potential and Opportunity of Telematics in Car Insurance
New Potential and Opportunity of Telematics. Usage-based insurance is gaining popularity, many motor insurers are beginning to offer it
TOP 20 US Auto Insurers Underwriting Results
The US auto insurance industry had a year to forget as the business line reported its worst underwriting results in over two decades
Technologies Will Transform Auto Insurance & Automotive Landscape
Autonomous vehicles will drive the transformation of the motor / auto insurance market, according to Moody’s Investors Servic
EV Insurance. Impact of Electric Vehicles on the Insurance Industry
As the world is gearing up for a shift to allow environment-friendly electric vehicles, the changing landscape presents opportunities for the motor insurance industry
Triple-I’s Recommendations When Tornado-Caused Property Damage Occurs
Policyholders should contact their insurer to obtain the assistance they need. Many claims-filing services are available via either a mobile app or online
Rough Year for Many US Auto, Property and Casualty Insurers
The US P&C industry recorded a net underwriting loss of $26.5 billion, worsening by $21.5 billion from the previous year
Impact of Social Inflation for P&C Insurance & Commercial Auto Insurance Costs
The phenomenon of social inflation has garnered a great deal of attention in the property and casualty (P&C) insurance industry
Property & Motor Insurance Market in Asia-Pacific (APAC): $432bn by 2025
As per GlobalDatas’s Property Insurance Industry Outlook in Asia-Pacific in report, the global property insurance industry recorded a CAGR of 4.1%
Usage-Based Auto Insurance Programs Have a Dramatic Increase
Usage-based auto insurance programs have seen a dramatic increase, according to a new report, the consumer data
Why Are Auto Insurance Rates Increasing? 6 Key Factors
Auto insurers price their policies based on a number of factors. Sometimes these cost factors go up, and sometimes they go down
How Much Does Auto Insurance Cost in United States? Cheapest & Expensive States
The best auto insurance companies in each state provide liability, comprehensive, collision, PIP, and uninsured & underinsured motorist coverage
6 Major Types of Car Insurance in U.S. What Kind of Auto Insurance Do You Need?
There are many types of vehicle insurance – and the laws, maximum levels of coverage, and definitions can vary from state to state
Who Should Be Listed on Car Insurance Policy?
Insurance companies typically require that all licensed drivers in a household be listed on the auto insurance policy except unlicensed teenagers or younger members under 14
UK Motor & Home Insurance Losses Forecast
UK motor and home insurers expect to make largest annual loss in well over a decade this year, with further losses forecast in 2023
Future Ways the Global Car Insurance Market May Evolve
Significant changes are ahead in AV and EV technology, and the Global car insurance market will need to adjust to the resulting disruptions
How Technologies Will Shape the Future of Autonomous Mobility & Insurance?
Autonomous mobility has the potential to dramatically transform the automotive insurance market, from underwriting to claims and beyond
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
Changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority strengthen Australian general insurers’ credit profiles
European insurers' ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA