auto claims severity News

Hartford’s Execs Make Plea to End ‘Real Issue, Real Pain’ of Distracted Driving

Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 million prior-year reserve charge to impact fourth-quarter profits. During Goldman Sachs Financial Services …

Auto Insurance Market to Shrink 60% by 2040: KPMG

By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …