Written by insurancejournal.com
“In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard & Poor’s said.
John Iten, senior analyst and P/C sector lead for S&P Global Ratings, and Tim Zawacki, principal research analyst, S&P Global Market Intelligence both made the prediction during the webinar titled, “IN/sights: Outlook and Trends for U.S. Insurers 2023,” which also covered property/casualty reinsurance and life insurance trends.”
