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You are here: Home / Archives for S&P Global Market Intelligence

GEICO Offering Discount for New Personal Auto Policies

March 22, 2024 By CollisionWeek Editor

S&P Global Market Intelligence reported that GEICO has recently begun submitting personal auto rate filings in several states that offer a “Welcome Factor” discount to new customers. The plan offers a temporary discount that applies to new policyholders and would be phased out in each subsequent renewal period. The discount first appeared in its Virginia […]

Filed Under: News Tagged With: GEICO, Premiums, S&P Global Market Intelligence

State Farm Premiums Written Up Nearly 24% in Second Quarter

September 22, 2023 By CollisionWeek Editor

S&P Global says the company remains largest auto insurer in the U.S. State Farm Mutual Automobile Insurance Co. remained the largest personal auto insurer in the US during the second quarter amid a record quarter for the sector, according to an S&P Global Market Intelligence analysis. The insurer’s direct premiums written surged nearly 24% — […]

Filed Under: News Tagged With: Allstate, American Family, GEICO, Liberty Mutual Insurance, Net Written Premiums, Progressive, S&P Global Market Intelligence, State Farm, USAA

S&P Market Intelligence Report Sees US Auto Insurance Industry Benefitting From Higher Premiums, Lower Losses

July 18, 2018 By CollisionWeek Editor

Combined Ratios by Line

While changing technology is a longer-term disruptive threat, rate increases will drive growth in the near term, according to S&P Global Market Intelligence report Auto insurance has accounted for more of the U.S. property and casualty (P&C) industry’s premium volume in recent years, with several rounds of loss-fueled rate increases accelerating premium volumes in the […]

Filed Under: News Tagged With: Auto Insurance, Combined Ratio, S&P Global Market Intelligence

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