Personal auto

Although P&C insurers had 9% premium growth, the underwriting loss in 2021 follows a $4.4bn underwriting gain in 2020.

The medical care index increased 0.4% month over month (in line with April's increase) and 4% versus May 2021.

The firm’s emphasis on charitable giving has enabled a differentiated narrative, but the $4mn given is dwarfed by $345mn of insider selling.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The trend of inflated severity has been evident in the Q1 results of personal lines carriers including Kemper, Progressive, Berkshire’s Geico, The Hanover Group and Allstate.

For the month, motor vehicle insurance costs rose 0.8%, compared to 0.7% in March.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

In an earnings call with analysts, the CEO said Hagerty was still on track to “get the relationship up and running” this year.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The executive noted in her shareholder letter yesterday that loss costs on average were up almost 18% from the same quarter last year.