Personal auto

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.

The meeting highlighted economic challenges and left questions about future acquisitions after an eventual management transition.

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

In response, the carrier has completed over 50 auto filings with an average rate increase of 6.2% in recent months.

The commercial lines bellwether reported positive quarterly earnings, but challenges may still be ahead.