personal auto insurance News
For Personal Auto, an H1 Pandemic Slowdown Boosted Short-Term Profits
As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold ...
Consumer Groups Call for Auto Insurance Premium Offsets as Coronavirus Slashes Driving
The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a sharp reduction in auto insurance claims. Two consumer groups want to make sure that ...
Stable Outlook for Private Passenger Auto in 2019: A.M. Best
Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment ...
Direct Distribution, Car Technology Advances Transforming Personal Auto Insurance
Technological advances in personal auto insurance distribution and vehicle safety are helping to drive significant transformation of the sector over the coming months and years, Conning said in a new ...
Travelers Survey Provides New Insights Into Distracted Driving Behavior
Most drivers who respond to personal texts, emails and calls while driving said they do so because they are afraid of an emergency or missing out on something important, according to a new survey ...
Root Raises $51M to Fuel Further Growth of Telematics-Based Auto Insurance Biz
Root, an auto insurance startup centered around telematics, closed a $51 million venture financing designed to fuel expansion into more states and enable further investment in its core technology. ...
Ford Recalls 1.38M Vehicles Over Loose Steering Wheel Bolt Issue
Ford Motor Co said Wednesday it is recalling 1.38 million vehicles in North America for potentially loose steering wheel bolts that could detach, in an issue linked to two accidents and one injury. ...
GM Reportedly Will Test Airbnb-Like Service for Personal Auto Owners
General Motors Co. plans to start a pilot program this summer that will enable car owners to rent out their vehicles when they aren't using them, according to people familiar with the matter. The ...