The 1990s Are Classic: Protecting Modern Collector Cars
The ‘90s have officially achieved classic status.
Auto
Half of Auto Insurance Consumers Are Shopping for New Policies
The increase in auto insurance shopping is prompted by soaring auto insurance costs, with a 22.2% year-over-year increase in the average cost of auto insurance through the end of February.
Distracted Driving on the Rise Among Personal and Commercial Drivers
The latest driving behavior survey from Nationwide revealed that both personal auto and commercial drivers partake in risky behaviors that impact all drivers on the road.
U.S. P&C Underwriting Losses Hit 10-Year High of $38 Billion
In addition to $65 billion in CAT losses, AM Best analysts also said both economic and social inflation played large roles in property & casualty losses.
Home and Auto Insurance Shopping Increases
As auto insurance shopping rates rose during the fourth quarter of 2023, carrier retention rates dropped.
Auto Insurance Rates Rose 20% Last Year
It’s the biggest jump since 1976 and the 16th consecutive month of annual gains exceeding 10%, according to the Bureau of Labor Statistics.
2024 Outlook: Premium Growth Drives Hard Market Recovery
The outlook for the U.S. property & casualty insurance industry is more favorable than 2023, with expected strong premium growth and easing inflation pressures, according to Swiss Re.
Is 3rd Party Damage Due to Mechanical Failure Excluded from a PAP?
A client had car trouble and pulled into a private drive to investigate. The car leaked transmission fluid onto the driveway but the carrier denied coverage for the damage.
Is Running an Errand for an Employer Excluded from PAP as Public or Livery?
A delivery driver had an accident while running an errand for his employer in his personal auto, but his carrier has denied the claim based on the public or livery exclusion.
Number of Uninsured Drivers Increases as Rates Rise 5.9% in H1 2023
As personal auto insurance rates continue to accelerate upward, some drivers are taking to the market to find cheaper rates—while others are choosing to drive without coverage.
