Personal auto
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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 decline was smaller than previous months, with September clocking in at 3% and August's decline at 4%.
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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 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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Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.
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The Manheim Vehicle Value Index declined to 204.5, showing signs of returning to prices from a year ago, down 0.1%.
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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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Auto insurers look set to generate a larger share of losses than with most US wind events.
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