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
Basic personal auto insurance is mandated by most states and provides you with some financial protection in case of an accident. But is it enough? What are the options?
Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. Your 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.
Auto insurance provides coverage for: Property, Liability, Medical.
Autoinsurance coverages are priced individually (a la carte) to let you customize coverage amounts to suit your exact needs and budget.
Policies are generally issued for six-month or one-year timeframes and are renewable. The insurance company sends a notice when it’s time to renew the policy and pay your premium.
In this section, we have collected the most current articles and reviews on the topic of the Auto Insurance.
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
The improving 2024 results for U.S. personal auto insurers are expected to persist through the rest of 2024 and into 2025. Significant price hikes and easing claims severity
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
Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses
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%
Telematics insurance – usage-based insurance, pay-as-you-drive & pay-per-mile insurance, that you can get a discount on your car insurance
The US auto insurance industry had a year to forget as the business line reported its worst underwriting results in over two decades
Autonomous vehicles will drive the transformation of the motor / auto insurance market, according to Moody’s Investors Servic
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
The phenomenon of social inflation has garnered a great deal of attention in the property and casualty (P&C) insurance industry
Usage-based auto insurance programs have seen a dramatic increase, according to a new report, the consumer data
Auto insurers price their policies based on a number of factors. Sometimes these cost factors go up, and sometimes they go down
The best auto insurance companies in each state provide liability, comprehensive, collision, PIP, and uninsured & underinsured motorist coverage
There are many types of vehicle insurance – and the laws, maximum levels of coverage, and definitions can vary from state to state
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
The approximately $260 billion US auto insurance market is on notice. The conventional US insurance market, currently dominated by internal-combustion-engine (ICE) vehicles
While the former insurance covers any damage or injury incurred by a third party in case of an accident, the latter insures the damage suffered by your car
U.S. personal auto insurers saw a sharp deterioration in underwriting performance for 1H2022, according to mid-year segment results from public company GAAP filings