LexisNexis Q1 2025 U.S. Auto Insurance Demand Shows Strong Shopping and Policy Growth
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
Roots names insurance veteran Robin Spaulding as head of insurance to drive AI integration and modernize claims and underwriting for P&C insurers.
U.S. auto insurance shopping increased 16% in Q1 2025 as tax refunds and tariffs drive new vehicle purchases. Policy retention declines, prompting insurers to adjust strategies.
Third-party litigation funding drives higher premium costs and reduced liability insurance availability, impacting underwriting and claims trends in commercial auto, umbrella, and product liability lines.
U.S. property and casualty insurance industry sees best combined ratio in over a decade in 2024, driven by better personal lines underwriting and digital sales growth, despite rising auto repair costs and inflationary pressures from tariffs.
Analysis of repeat DUI offenses in a fatal hit-and-run case underscores challenges for insurers in underwriting, claims, and risk management within auto insurance and regulatory compliance.
Totalis Program Underwriters launches Spotlight MGA specializing in tailored insurance for U.S. entertainment production companies, addressing unique industry risks. Doxa expands event coverage through RVNA acquisition.
The U.S. property/casualty insurance sector achieves best underwriting since 2013 with a 96.6 net combined ratio in 2024, but wildfire losses and tariffs may impact 2025 results.
Recent U.S. insurance sector leadership changes highlight strategic focus on underwriting, sales growth, and risk management solutions in middle market and healthcare segments.
Texas insurers are increasingly using AI-analyzed aerial imagery to evaluate home insurance risks, impacting policy renewals and risk management strategies.