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Management said there are early signs that inflationary pressures – which have pushed severity in personal auto in recent months – are easing. -
The regionals continue to find success in small and middle market business, as their pivot to a commercial focus has benefitted them.
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The decline was smaller than previous months, with September clocking in at 3% and August's decline at 4%.
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Inside P&C’s news team runs you through the key highlights of the week.
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Progressive’s superior digital distribution and widening auto margins put it far ahead of the competition.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The homeowners’ InsurTech reported that it has received approximately 6,800 claims associated with Hurricane Ian to date.
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The firm reported better than anticipated earnings factoring in Ian, but a slowing economy could cloud the outlook.
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A challenging legal atmosphere and drift in loss cost components add difficulty to the task of tallying ultimate losses.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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In August, the CPI moderated to 8.3% compared with a record high of 9.1% in June.
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The carrier reported that $585mn was recorded from auto losses incurred, including boats and recreational vehicles.
