Alan Wilson, who washed cars at Reeley’s Body Shop at 15, takes office in January after campaigning on public audits of insurance rate increases. South Carolina Gov.-elect Alan Wilson held the first news conference of his transition Nov. 6 on the shop floor of Reeley’s Body Shop in West Columbia, the collision repair facility where […]
Progressive Prepares for AI Agent Shopping as Competition Slows Its Growth
The insurer’s quarterly filing shows collision severity rose 4% in the third quarter while collision frequency fell 3%. The Progressive Corporation (NYSE: PGR) is testing agentic artificial intelligence and preparing for AI agents that shop for auto insurance on consumers’ behalf to become an important sales channel, executives said during the company’s third quarter investor […]
Florida Approves Average 7% Auto Rate Decrease for USAA Affecting More Than 498,000 Policies
The approval comes as Florida’s five largest auto insurance groups indicate an average 12.6% rate decrease for 2026. Florida Insurance Commissioner Mike Yaworsky has approved auto rate decreases for several USAA Group programs that average 7% and affect more than 498,000 policies, the Florida Office of Insurance Regulation (OIR) announced Oct. 26. Average rate changes […]
Personal Auto Premium Volume Forecast to Decline in 2026
Personal auto insurance net written premiums are forecast to decline 0.6% in 2026, the line’s second-lowest annual growth rate in more than 15 years behind only 2020, according to the latest members-only Insurance Economics and Underwriting Projections: A Forward View webinar from the Insurance Information Institute (Triple-I) and Milliman. The 2026 forecast is 4.6 percentage […]
Progressive Reports Personal Auto Policies in Force Up 7.4% in September Compared to 2025
While up year-over-year, the personal auto policy count declined compared to the previous month for the first time since late 2023. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 28,195,000 in September 2026, an increase of 1,946,000, or 7.4%, from 26,249,000 in September 2025. September extended the moderation […]
Lemonade Extends Tesla FSD Insurance Discount to Older HW3 Vehicles
Lemonade Inc. (NYSE: LMND) said Oct. 8 that Tesla owners whose vehicles run on HW3, Tesla’s previous-generation onboard computer, can now save 30% on miles driven with Full Self-Driving (Supervised) engaged under its Autonomous Car insurance. The discount applies to vehicles running Tesla’s new FSD (Supervised) v14 Lite software and is initially available in Arizona, […]
Safer Roads Are Not Producing Cheaper Auto Claims, APCIA Report Finds
Vehicle damage severity rose more than 42% from 2020 to the third quarter of 2025. Traffic deaths have fallen and personal auto insurers have returned to underwriting profitability, but the cost of the claims that remain continues to climb, according to a report released Oct. 2 by the American Property Casualty Insurance Association (APCIA). In […]
Lemonade Launches Both Car and Autonomous Car Insurance in Missouri
Lemonade Inc. (NYSE: LMND) said Sept. 2 that it has launched its Lemonade Car auto insurance product in Missouri and, on the same day, its Autonomous Car product, which gives Tesla owners in the state 50% off every mile driven using Full Self-Driving (Supervised). “Missouri drivers are getting Lemonade Car and Lemonade Autonomous Car at […]
Florida Policyholders Paid Nearly $3 Billion Less in 2025, APCIA-Commissioned Study Finds
Florida homeowners and personal auto policyholders paid nearly $3 billion less for coverage in 2025 than they did a year earlier, according to an actuarial study commissioned by the American Property Casualty Insurance Association (APCIA) released Sept. 2 that credits the state’s 2022 and 2023 legal system reforms for the decline. The sharpest reductions the […]
Root Cuts Florida Auto Insurance Base Rates 15% for 52,000 Policyholders
Root Inc. (NASDAQ: ROOT) has cut base auto insurance rates in Florida by 15%, a reduction the Columbus, Ohio-based telematics insurer said Aug. 27 will lower premiums for nearly all of the more than 52,000 policyholders it covers in the state. Eligible customers will save about $400 a year on average, or roughly $21 million […]
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