Tag: auto insurance

Progressive's Underwriting Discipline Drives Long-Term Insurance Market Success

Progressive's Underwriting Discipline Drives Long-Term Insurance Market Success

Progressive Insurance's disciplined underwriting and tech innovations underpin sustained profitability and investor returns in the competitive U.S. auto insurance market.

Understanding SR-22 Insurance Endorsements and Cost Implications for High-Risk Drivers

Explore the regulatory role and cost impact of SR-22 insurance endorsements for high-risk drivers, including strategies for compliance and cost management in auto insurance.

Raymond James Raises Mercury General Price Target to $100 with Strong Buy

Raymond James upgrades Mercury General price target to $100, highlighting strong performance in California auto and homeowners insurance markets with solid combined ratios and growth prospects through 2026.

Rising Claim Costs Highlight Need for Increased Auto Liability Coverage Limits

Explore the increasing inadequacy of traditional auto liability insurance limits in covering modern claim costs and the regulatory context around National Forest protections.

U.S. Auto Insurance Rate Increases Slow in 2025 Amid Market Stabilization

Auto insurance premium increases in the U.S. slowed significantly in 2025, driven by improved insurer profitability, fewer claims, and stabilized repair costs. State differences remain key factors.

Declining Auto Theft in 2024 Does Not Lower Insurance Premiums

Auto theft in the U.S. drops by 17% in 2024, but auto insurance premiums continue to rise due to repair costs, inflation, and legal factors influencing the insurance market.

State Farm Names Joe Park Chief Digital & Information Officer

State Farm appoints Joe Park as EVP and Chief Digital & Information Officer to lead technology and innovation, advancing digital services in insurance.

Rising Insurance Costs Drive Record Auto Policy Shopping in 2024

Record-high insurance rates in 2024 drive unprecedented auto policy shopping, challenging insurers to enhance customer retention strategies amid rising costs.

Alberta Premier Signals Auto Insurance Reform with Public Insurance as Backup

Alberta Premier Danielle Smith plans a 2027 auto insurance overhaul to reduce premiums by limiting lawsuits, with public insurance as a potential fallback amid insurer pressures.

Triple-I Study Reveals $42.8B Excess Motor Vehicle Tort Litigation Impact on Auto Insurance

Triple-I analysis finds $42.8 billion in excess motor vehicle tort litigation value from 2014-2023, highlighting impacts on U.S. auto insurance costs and the need for improved civil court data transparency.