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The automotive company’s total costs for the recall are expected to eventually tally up to around $1.8bn. -
Ida soaks the tri-state – and has the potential to affect personal auto carriers more than comparable storms of the past.
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Texas’s objection to Progressive’s recent rate filings garnered attention, calling rates “excessive” and suggesting rebates instead.
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The increase in loss ratio was much more modest for package policies, growing by four basis points to 1%.
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The InsurTech intends to use the new paper to accelerate the growth of its “next-generation” insurance offerings in the automotive fields.
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The company faces elevated losses as it balances rate increases vs. growth.
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The classic car insurer is expected to trade under the ticker HGTY.
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The firm’s stock price falls following mixed quarterly results, leaving an unclear path to profitable growth.
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What's next for the firm after posting poor results and cutting guidance?
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Inflation drags on another month, frustrating the recovery and challenging the P&C industry.
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The InsurTech has revised its guidance and plans to shrink its book in Q4.
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July CPI data show first decline in auto premiums since December, but prices overall continue to rise.
