Between 2012 and 2016, personal auto claim frequency and severity increased, which pushed rates up. But over the last six to 12 months, the personal auto market demonstrated solid rate moderation.
Independent agent Sally Fabre predicts that there will be more uninsured drivers on the road in the future. “Clients are already being overwhelmed by the rising price of rent, healthcare and food,” she says. “Car insurance is a huge moral and financial di
Here are a few tips to help your collector car clients avoid investing serious money in a fake—a situation which is a lot more common than you’d think.
With this generational shift comes new insurance exposures based on the kinds of cars Gen Xers and millennials are interested in—and how they use them.
Independent agent Morgan Duffy has a “very positive outlook” for the future of the classic car insurance market. “People always complain that the millennial generation doesn’t want anything to do with collector cars,” he says. “But when I go to the trade
As driverless cars proliferate, will the U.S. auto insurance markets as we know them shift dramatically away from individual liability policies and toward product liability solutions? Not necessarily.
How can agents best keep up with trends in auto, and then convey that knowledge to their policyholders and prospects to sell coverage that fits into this new environment?
For several years, rates have been on the rise in both personal and commercial auto. As the U.S. auto insurance industry continues to transform, here’s how to hold on to your market share.
As autonomous vehicles infiltrate the streets, liability and underwriting questions emerge.
Between 2006 and 2016, the number of licensed drivers age 65 or older increased by 38% to 41.7 million.
