The strong El Niño, which had a moderating influence on the recently concluded Atlantic Hurricane season, also could help tamp down discussions of polar vortexes this winter — and that's good news for homeowners.

But forecasters predict El Niño could bring cooler but wetter conditions in Southern states and above-average temperatures in the North. These weather conditions could contribute to an increase in car crashes — and that's bad news for motorists and insurers.

Unfortunately, this comes at a time when the number of Auto insurance claims is already increasing and claims are becoming more expensive. These trends affect what consumers care about the most when it comes to their Auto insurance: the cost.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.