Personal auto

Turcotte, CFO since 2008, was part of the leadership that took the company public in December.

The Manheim Used Vehicle Value Index declined to 211.6, up 8.8% from a year ago but showing a gradual decline after reaching a January peak of 236.3, except for an increase in May.

The company delayed once again the launch of its partnership with State Farm to the first half of next year from Q4.

The motor vehicle insurance index rose 7.4% year on year that month, from 6.0% in June, while the annual gain in all-items CPI dropped to 8.5% from 9.1%.

The personal lines insurer’s results were also impacted by the states’ regulatory climates and inflationary trends.

This is the second monthly decline after May and a sign of continued moderation after the index reached a peak in January.

Inside P&C’s news team runs you through the key highlights of the week.

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.

Rate actions during the quarter was better than expected, said CEO Joseph Lacher.

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

For domestic automobile, renewal premium change was 6.3%, up a full three points from the first quarter of 2022 and the carrier expects the increases to continue.