Supply-chain issues, labor shortages, and high demand for building resources are complicating factors as homeowners insurers head into 2022.
Personal auto insurers had a year without precedent in 2020, and 2021 may break more new ground, but in very different ways.
ISO Statistical Data revealed personal auto physical damage insurance losses climbing even before COVID-19 reshaped driving patterns. What's going on?
Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.
People spending more time at home seemed to ultimately help many insurers, as loss frequency declined in 2020 year over year across several categories.
Economic turmoil, lifestyle changes, and transitions to remote work amid the COVID-19 pandemic created a “new normal” for personal property insurance.
Looking to sharpen your personal auto insurance pricing? This new method of calculating deductible relatives could help.
Verisk continues to watch personal auto insurance trends resulting from the COVID-19 pandemic and provide likely scenarios and guidance for the new normal.
As personal auto insurers navigate the coronavirus recession and recovery, complex social and economic trends appear set to shape the industry’s “new normal.”