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Like other segments of the P&C insurance industry, auto insurance premiums are on the rise as policyholder satisfaction scores take a hit.
But also like the impact of one of the major drivers of current premium increases – inflation – consumers are highly unlikely to curtail their use of auto insurance, given their heretofore willingness to keep driving despite now-historic gas-price increases, and the fact that by law, auto insurance is required for licensed drivers.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
