X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In the presentations I give around the country, I usually provide an update on the auto insurance industry. We’re in an interesting cycle to say the least.

The recession caused customers to drop coverage, and we’ve reached an uninsured motorist rate of over 14 percent, according to the Insurance Information Institute. LAE is creeping upward and we’re seeing loss frequency edging up, too, despite a combination of high fuel prices and the recession. The larger problem, however, remains the customer base.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.