Personal auto

Multiple P&C companies presented at the Bank of America conference. We present quick hits of the highlights.

A competitive market continued in auto insurance in January with the BLS CPI statistics showing auto prices flat at 0%.

Kemper pointed to divergent competitive trends between non-standard and preferred.

On Thursday morning, Travelers reported EPS of $3.32 versus $2.13 YoY and a headline beat versus analyst consensus of $3.29, in part driven by low catastrophe losses (thanks to an aggregate reinsurance recovery).

The car insurer, which has held quota share partnerships with Greenlight Re, entered receivership earlier this month.

A past industry critic of Root has shifted to a more optimistic view of the company’s future.

New inflation data shows continued pricing declines and rising average severity. Margin pressures continue to build as the spread widens, and frequency remains the wildcard.

The auto insurer will remain on the stock exchange if it complies with a request for outstanding submissions.

The carrier’s announcement that it was cancelling coverage to Uber has not affected the outlook.

The Lloyd’s chairman suggests the post will enhance, rather than detract from, his work at the Corporation.

Under the deal, 1mn auto insurance customers can receive Amazon voice recognition devices.

The French reinsurer is providing paper to support bundled homeowners and auto policies underwritten by the InsurTech.