U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry statutory combined ratio will likely hit 108 in the coming months, …
After climbing in each of the past two years, customer satisfaction is falling among the nation’s largest auto insurers, while satisfaction is actually up a tad for small insurers. This rising dissatisfaction with large carriers is in turn driving overall …
The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh expects that the new year will also see wider use of …
Four auto insurers have settled allegations that they overcharged Massachusetts consumers relating to auto insurance surcharges that were overturned by the state’s Board of Appeal, or otherwise removed from state driving records, the state’s attorney general Martha Coakley announced Thursday. …
Massachusetts independent insurance agents who oppose the use of credit scores, occupation and education level in auto insurance pricing by the insurance companies they represent are pushing to put a petition to ban such pricing on the state’s 2010 ballot. …
