The auto insurance industry's financial results are projected to reflect the impact of corrective actions taken to address surprise spikes in the frequency and severity of claims, which had the effects of pushing losses in 2016 and 2017 to their highest levels since the start of the century. (Photo: Shutterstock)
Auto insurance has accounted for more of the U.S. property & casualty (P&C) industry's premium volume in recent years, with several rounds of loss-fueled rate increases accelerating premium volumes in the short term, accordingly to S&P Global Market Intelligence's 2018 US Auto Insurance Market Report.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
