Kemper Corporation (NYSE: KMPR) said May 27 that Stephen J. McAnena will become president and chief executive effective June 1, ending a roughly seven-month interim period and capping the search for a permanent successor to Joseph P. Lacher Jr. The company also named Anthony J. DeSantis to its board of directors, effective the same day. […]
Distracted Driving, Bodily Injury and Policy Shopping Reshape Auto Insurance Risk
LexisNexis annual U.S. auto insurance trend report says insurance cost figuring more prominently in auto purchase decisions. LexisNexis Risk Solutions on May 19 released its 2026 U.S. Auto Insurance Trends Report, which aggregates and analyzes market data from prior years on driving behavior, policy shopping, rate impacts, vehicle mix and claims outcomes. The annual report […]
Auto Insurance Shopping Cools in First Quarter as Rate Decreases Spread
Shopping activity turned negative in March even as 47.3% of policies were shopped within the previous year — the highest rate since LexisNexis began tracking in 2020. U.S. auto insurance shopping grew 3.2% year over year in the first quarter of 2026 and new policy growth slowed to 3.6%, according to data released May 12 […]
New York Budget Agreement Includes Auto Insurance Reforms
Budget package includes measures aimed at reducing fraud, premiums. New York Gov. Kathy Hochul and legislative leaders have reached agreement on a fiscal 2027 state budget that includes a package of auto insurance reforms aimed at reducing premiums that rank among the highest in the country. New Yorkers pay an average of just over $4,000 […]
Progressive Closes Gap with State Farm as Top U.S. Auto Insurers Reshape Market in 2025
Private passenger auto insurance premiums earned surpass $369 billion. Total direct premiums earned on private passenger auto insurance reached $369.6 billion in the U.S. in 2025, up 5.6% from $349.9 billion in 2024, according to data released March 18 by the National Association of Insurance Commissioners (NAIC). The growth rate moderated significantly compared to recent […]
Natural Intelligence, J.D. Power Partner on AI-Powered Auto Insurance Comparison Marketplace
Natural Intelligence and J.D. Power announced March 31 a partnership to build an auto insurance marketplace that pairs Natural Intelligence’s comparison technology with J.D. Power’s consumer data and analytics. The venture aims to give auto insurers a new customer acquisition channel at a time when the industry is navigating shifting retention dynamics and evolving digital […]
Allstate Subsidiaries Cut Louisiana Auto Rates Again as Commissioner Temple Finalizes New Filings
Louisiana Insurance Commissioner Tim Temple has finalized rate decreases from two Allstate group companies on their private passenger auto insurance programs, extending a string of reductions from the insurer that now total double digit percentages over the past six months. The latest round of rate cuts from the Allstate subsidiaries adds to a broader pattern […]
Florida’s Top 5 Auto Insurance Groups Indicate Average 8% Rate Decrease for 2026
Insurance commissioner credits legislative reform for reductions. Florida’s five largest auto insurance groups are indicating an average rate decrease of 8% for 2026, Florida Insurance Commissioner Mike Yaworsky announced March 5. The five groups — Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA — collectively represent 78% of Florida’s auto insurance market. One of […]
New York Auto Insurance Premiums Hit $1,935 Average in 2024
Auto repair cost in the state ranked third highest in U.S. New York drivers paid an average of $1,935 for personal auto insurance in 2024, making it the fourth-most expensive state in the nation and representing a record high for New York, according to a new report from the Insurance Information Institute. The average premium […]
New York Governor Proposes Auto Insurance Reforms to Address Fraud, High Premiums
New York Governor Kathy Hochul unveiled proposals Jan. 22 to reduce auto insurance costs in New York through measures targeting fraud and reforming liability laws. New York residents pay an average of $4,000 annually for car insurance, approximately $1,500 above the national average, according to state data. Insurance carriers reported 38,270 incidents of suspected motor […]
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