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Underwriters, however, remain wary about the potential impact of climate-driven disasters.
Social and general inflation combined to push commercial auto liability payments higher by as much as $44 billion, Triple-I reports.
The sector's success is largely pegged to a favorable pricing environment and growing demand from hard to place risks.
Cities around the world have seen record rainfall 139 times in 2023.
Topa Insurance was fined $2.1 million over an allegation that more than two dozen auto claims were mishandled.
Population growth and development in storm-prone areas dwarfs the benefits of enhanced building codes.
Citizens' president and CEO said that Citizens is now forecasting it will have about 1.3 million policies at the end of 2023, after earlier estimates of 1.5 million to 1.7 million policies.
The proposed reforms show a sea change from where the California Department of Insurance was six months ago.
It appears experience plays an important role in how people behave behind the wheel, according to The Zebra.
What is a homeowner to do when cars continually crash into their property?
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