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auto premiums

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News BrokersClaimsInsuranceMarkets / Coverages

Why auto insurance premiums may be on the rise

April 1, 2022 by Alyssa DiSabatino

Inflation hit a multi-decade high of 5.7% this February. Industry observers warn this could go even higher before it goes lower, and the auto insurance industry is not immune to it.   How long will it be before drivers feel the

looking up car insurance rates on a laptop
News Insurance

How to talk to clients about higher auto premiums

September 22, 2021 Brooke Smith

Auto insurance is a necessary evil — drivers can’t operate a vehicle without it. And any number of factors can increase drivers’ premiums. Sometimes it’s simply the market. “The market goes up and down over time,” said Bruce Mackay, president

News Insurance

Where auto insurance rate could go this year

January 11, 2021 by Adam Malik

Auto insurance rates on the whole have softened thanks to the COVID-19 pandemic. But as vaccines offer a glimmer of hope of a return to something resembling pre-crisis normal, it’s up in the air as to what will happen to

News BrokersInsurance

Which vehicles will cost your clients the least to insure?

June 18, 2020 by Adam Malik

Car shopping includes finding out how much insurance costs for one vehicle over the other and clients with a Mazda CX-3 will see the lowest insurance rates, according to a recent report. California-based online insurance quote aggregator site annually

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Autonomous vehicles will add US$81 billion in new premiums for U.S. auto insurers by 2025: report

May 18, 2017 by Canadian Underwriter

Insurance coverage for autonomous vehicles will bring US$81 billion in new premiums to the auto insurance industry in the United States over the next eight years, according to a new report from Accenture and Stevens Institute of Technology (SIT). The

News InsuranceLegislation / RegulationMergers and Aqcuisitions

New Ontario financial authority should monitor auto insurers with ‘unusual number’ of LAT appeals: Marshall

April 12, 2017 by Canadian Underwriter

Neither the behaviour of personal injury lawyers nor “excess profits” of insurers are to blame for high auto premiums in Ontario, but the government should consider restricting lawyers’ contingency fees, a special advisor to the provincial government suggested in a

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Allstate reports US$961 million in cat losses in second quarter of 2016

August 5, 2016 by Canadian Underwriter

Northbrook, Ill.-based Allstate Corporation has reported catastrophe losses of US$961 million in the second quarter of 2016 compared to US$797 million in the same quarter of 2015 and US$1.79 billion in the first six months of the year compared to