Progressive Reports Favorable Ian Development

Insurer Progressive reduced its estimate of gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian by $400 million, pushing the total down to $1.6 billion. ...

A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best

Apparently, nothing has changed within the last several months to change AM Best's negative outlook on the U.S. personal lines insurance segment.

Autobrake Performance Dips After Sundown: IIHS

A nighttime test of pedestrian automatic emergency braking (AEB) systems to address the high percentage of pedestrian crashes that occur on dark roads has been introduced by the Insurance Institute ...