auto insurance losses News

I.I.I. White Paper Reveals the Reasons for Increased Frequency, Severity in Auto Claims

In the last two years, private-passenger loss costs have risen sharply the result of more and costlier claims, according to a new white paper released by the Insurance Information Institute (I.I.I.). “There has been an alarming increase in crashes and …

Auto Losses to Continue to Dampen Insurer Profits

The property/casualty insurance industry has made money on its personal lines underwriting since 2013 but that is likely to change in 2015. At the same time, commercial auto insurance should still make an underwriting profit in 2015 although it is …