Personal auto insurers saw sharp increases in underwriting profits for 2020 that were supportive of credit, amid a reduction in driving that led to substantially fewer insurance claims for the year. However, competitive pricing forces and a return to historical claims frequency patterns as the economy recovers make this level of performance unsustainable, Fitch Ratings… Continue reading U.S. Auto Insurer Outsized Profits to Normalize as Claims Rise in 2021: Fitch
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