Personal auto

The deal combines the two major mobile telematics companies, which will now cover 21 of the 25 top US auto insurers.

The personal lines giant's results are showing a reversion to pre-pandemic trends.

The start-up recently announced its move into the $300bn auto insurance market, adding to its life, health, renters, homeowners and pet health offerings.

Personal auto carriers lowered rates in response to 2020’s loss cost trends, but chasing market share now could be a mistake.

Consumer Price Index data points to short-term and long-term risks to the P&C industry.

Root has been mentioned seven times on Reddit message board WallStreetBets in the last two days, with many comments noting the significant short seller interest in the stock.

Discovery has spent a decade pioneering telematics in the South African auto market, devising a system based on incentivizing good driving using “gamification”.

SafeAuto provides auto insurance in 28 states and wrote around $335mn in direct written premiums in 2020.

CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis.

Activist investor Carl Icahn now owns $400mn of Allstate shares.

Any faster-than-anticipated re-opening could have a negative impact on loss cost trends.

The trade body has asked a court to invalidate the state insurance regulator’s recent emergency order.