GEICO has filed two additional auto insurance rate decreases in Florida that will lower premiums for more than 1.3 million customers in the state, the insurer said Aug. 6. The filings give GEICO three Florida rate reductions in the past year. The company said it has cut annual premiums for Florida drivers by more than […]
Illinois Governor Signs Auto Insurance Rate Review Law Over Insurance Industry Objections
Three trade associations warn of higher premiums and fewer coverage options as new law takes effect July 1, 2027. Illinois Gov. JB Pritzker signed legislation Aug. 4 giving the Illinois Department of Insurance authority to challenge automobile insurance rate filings it determines are excessive, inadequate or unfairly discriminatory, drawing a joint statement of opposition from […]
Progressive Says It Has Become the Largest U.S. Personal Auto Writer
The company says it captured roughly 75% of industry premium growth in 2025 and is now cutting rates across states representing 63% of its premium base as claim frequency declines. The Progressive Corporation (NYSE: PGR) has become the largest writer of U.S. personal auto insurance measured by trailing 12-month direct premiums written, Personal Lines President […]
UK Motor Insurers Forecast to Remain Loss-Making Through 2027 as Repair Costs Squeeze Margins
The UK motor insurance market is projected to post a net combined ratio of 108% in 2026, a sharp deterioration from the 102% EY estimates for 2025, with losses continuing into 2027 at a forecast 103%, according to analysis the firm released July 23. Repair, labor and vehicle costs are the primary drag on margins […]
Auto Physical Damage Premiums Decline in Texas and Florida as Overall Total Rises 1.3%
Florida’s 5.3% drop was the largest among the 50 states, while No. 1 California gained 5.4% to $24.21 billion. Auto physical damage direct premiums written fell last year in two of the five largest states for the line, even as premiums across all reporting jurisdictions rose 1.3% to $177.4 billion, according to a Best’s Rankings […]
Progressive Reports Personal Auto Policies in Force Up 8.8% in June Compared to 2025
Total policies in force top 40 million for the first time as June net income falls 31% on investment losses and a higher combined ratio. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 27,932,000 in June 2026, an increase of 2,264,000 or 8.8% from 25,668,000 in June 2025. […]
NICB Credits Partnerships for Vehicle Theft Decline, Warns Against Complacency
The National Insurance Crime Bureau credited coordinated public-private prevention efforts for driving reported U.S. vehicle thefts to their lowest level in decades and called for sustained funding and stronger penalties to preserve the progress. The nonprofit anti-fraud organization issued the appeal July 15 to mark National Vehicle Theft Prevention Month, an annual awareness campaign launched […]
Private Passenger Auto Drives Louisiana’s First Broad Rate Relief, Triple-I Says
Trade group points to litigation and glass-claim fraud as the cost drivers still to be addressed. A new state law folds ADAS calibration disclosures and an assignment-of-benefits ban into Louisiana’s unfair trade practices statute. Private passenger auto insurance produced the sharpest turnaround in a Louisiana property/casualty market that posted its first broad rate relief of […]
U.S. Property/Casualty Industry Posts $84 Billion in Underwriting Gains Across Two Years
Private passenger auto held a combined ratio well below 100 for a second straight year, while commercial auto liability absorbed another $2.0 billion in reserve deficiencies. The U.S. property/casualty insurance industry generated $84 billion in underwriting gains across the past two full calendar years, its strongest showing in a decade and a reversal of the […]
Mile Auto Acquires The Insurance House, Expanding Southeast MGA Operations
Mile Auto Inc., the Atlanta-based managing general agent (MGA) that provides pay-per-mile Porsche Auto Insurance, has acquired fellow Atlanta MGA The Insurance House Inc. in a transaction effective July 1 that combines the two firms into an operation with nearly $100 million in annual premium. The combined business serves more than 55,000 policyholders and works […]
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