Through the third quarter of 2024, the direct incurred loss ratios for the homeowners/farmowners and private passenger auto lines of business improved significantly year over year, with the homeowners ...
The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently ...
Following a month when the auto default rate remained steady, credit availability for new paper tightened. Those findings are among the latest observations from Cox Automotive, S&P Dow Jones Indices ...
Fitch Ratings recently reported that normalizing underwriting terms for U.S. auto loans and leases contributed to a modest deterioration in asset quality metrics during the fourth quarter. Still, firm ...
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Why Car Insurers Are Under Pressure to Cut Rates
What’s worse for car insurers: a trade war or a price war? Consumers might like the answer, but investors probably won’t. Back in February, insurance groups began warning that stiff import levies ...
Atlanta, USA, May 16, 2024 (GLOBE NEWSWIRE) -- Verifacto, a leading provider of innovative solutions for the auto finance industry, is thrilled to announce the launch of its groundbreaking Smart DMS ...
PICC P&C 02328 reported 7.2% growth in net earned premium and 19.4% growth in net profit for 2022. As expected, the auto insurance combined ratio improved to 95.6% from 97.3% in 2021. Despite a ...
Ontario’s financial services regulator is consulting on new guidance related to auto insurance rating and underwriting regulation. FSRA says the proposed guidance will help by “reducing regulatory lag ...
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