"As people return to a normal way of living, we expect the industry and shopping activity to bounce back. Carriers will need to be prepared with their new business and renewal programs to take advantage of shopping growth and build on their brand promises," said Tanner Sheehan of LexisNexis Risk Solutions. (Credit: Shutterstock.com)
Harsh winter weather in February dragged down auto insurance shopping, according to LexisNexis Risk Solutions' latest Insurance Demand Meter. However, the market roared back in March with "notably large" year-on-year gains. Overall, new business grew around 7%, and auto insurance shopping was up shy of 5% during 2021's first quarter.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
