Personal auto
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The CPI all items index was at 3.2%, from 3.1% in January. -
Commercial lines difficulties continue to weigh down industry results.
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Sizeable investment returns masked 10-year high underwriting losses.
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Personal lines rate filings are rising, even as some inflation drivers slow.
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Root’s improved results make it an attractive acquisition, not a comeback story.
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Personal auto rates increased 19% during the year.
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The InsurTech’s shares gained over 50% in value on Thursday.
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The company posted favorable development in the last quarter of 2023.
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CSAA writes over 70% of its business in the Golden State.
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Auto-related CPI values continue to drop, while premium inflation hits new highs
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The CPI all-items index moderated to 3.1%, vs a 3.4% YoY rise for December.
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The changes will be up for discussion at a March 26 public hearing.
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