In the insurance industry, a ‘soft market’ is generally described as a period of plentiful insurance capa...
Liberty Mutual, Auto-Owners lead US commercial auto premium growth in Q1
US commercial auto insurance premiums increased year over year in the first quarter of 2023, with Liberty Mutual Holding Co. Inc. and Auto-Owners Insurance Co....
US commercial auto insurance premiums increased year over year in the first quarter of 2023, with Liberty Mutual Holding Co. Inc. and Auto-Owners Insurance Co....
Article / 9 months ago
S&P webinar: Future of embedded insurance to turn on a 'seamless' experience
The bundling experience has been key to the growth of embedded finance in banking and insurance....
The bundling experience has been key to the growth of embedded finance in banking and insurance....
Article / 10 months ago
Progressive out front on commercial auto rate hikes in Q1 2023
The Progressive Corp. continued to increase commercial auto insurance rates during the first quarter of 2023, according to an S&P Global Market Intelligence...
The Progressive Corp. continued to increase commercial auto insurance rates during the first quarter of 2023, according to an S&P Global Market Intelligence...
Article / 10 months ago
After sizable surplus slide, Calif. auto insurer reiterates rate hike urgency
Weeks after warning that the lack of rate increases on its California private-passenger auto book "puts [our] ability to continue business at...
Weeks after warning that the lack of rate increases on its California private-passenger auto book "puts [our] ability to continue business at...
Article / 1 year ago
After lengthy COVID delay, California approves multiple auto rate hikes in Q4'22
After a moratorium that lasted for more than two years following the start of the COVID-19 pandemic, California finally started to approve personal auto insurance...
After a moratorium that lasted for more than two years following the start of the COVID-19 pandemic, California finally started to approve personal auto insurance...
Article / 1 year ago
California takes pole position on commercial auto rate increases in Q3
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
U.S. states employ a variety of rate regulation mechanisms, including prior approval, modified prior approval, file and use, and use and file....
Article / 1 year ago
US commercial auto insurers' liability premiums up nearly 10% YOY in Q2
U.S. commercial auto insurers' direct premiums written for the liability business line jumped to $11.54 billion in the second quarter, a 9.6% increase...
U.S. commercial auto insurers' direct premiums written for the liability business line jumped to $11.54 billion in the second quarter, a 9.6% increase...
Article / 2 years ago
American Family sees largest commercial auto rate increase in June
American Family Insurance Group is expected to see the largest cumulative commercial auto premium increase from rate hikes approved in June...
American Family Insurance Group is expected to see the largest cumulative commercial auto premium increase from rate hikes approved in June...
Article / 2 years ago
Farmers raises commercial auto insurance rates in May
Farmers Insurance could see the largest cumulative increase in commercial auto premiums due to rate changes made in May.
Farmers Insurance could see the largest cumulative increase in commercial auto premiums due to rate changes made in May.
Article / 2 years ago
US commercial auto Q1 premiums make significant leap over 5 years
Almost all of the largest U.S. commercial auto insurers logged loss ratios below 70%, except for Zurich Insurance Group, which had a 78.4% loss ratio.
Almost all of the largest U.S. commercial auto insurers logged loss ratios below 70%, except for Zurich Insurance Group, which had a 78.4% loss ratio.
Article / 2 years ago