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Tag Archives: Insurance Information Institute
Car Insurance Spikes as Americans Struggle to Pay Bills
As American consumers deal with financial pressures caused by rising inflation, they face pressure from increasing costs for car insurance. The latest inflation data from the Consumer Price Index (CPI) report shows car insurance rising by 19.2% year-over-year as of … Continue reading
What’s Changing in Auto Insurance: A Lot
It was a packed house in the Auto Glass Week™ session regarding what’s changing in auto insurance. James Lynch, vice president, data and information services, and chief actuary for the Insurance Information Institute, discussed how autonomous vehicles will affect the … Continue reading
Auto Insurance Premiums Trail behind Losses
According to a recent report by the Insurance Information Institute (III), auto losses and expenses have increased steadily each year, surmounting private passenger auto premiums—but it’s not due to lack of increased rates. The report, which examined premiums and loss … Continue reading