personal auto News
Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’; Tech Needs Rebuild
Even though Berkshire Hathaway's GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader of Berkshire's insurance operations said the figure ...Progressive Falling Short of CR Target; 10 More Points of Rate This Year
With loss reserve actions moving Progressive's first-quarter calendar year combined ratio up to 99, the company is tightening underwriting, cutting advertising spend and taking more rate actions, the ...Wait ‘Til Next Year: Auto Profit Unlikely to Return in ’23, S&P Says
In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?
Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially ...
2022 In Review: It Was Bad
The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing deadlines. Putting the numbers together, AM Best revealed just how bad the aggregate ...Allstate Estimates ’22 Auto Combined Ratio of 110; Frequency, Reserves Up
Allstate announced preliminary estimates of its fourth-quarter and full-year 2022 results last night, revealing a 2022 combined ratio of 110 for personal auto insurance, with reserve boosts for prior ...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.
Auto insurers in the U.S. are coping with the largest direct loss ratio in 20 years because of factors that include historic inflation, a deterioration in driving ...Insurers Say Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO
Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of ...