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Auto Insurers Rush to Raise Rates to Offset Huge Losses

Por: MarketWatch Business March 15, 2023

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READ MORE The car insurance industry prospered during 2020 when the Covid pandemic reduced driving activity—and accidents. But things turned south in 2022 because of the inflation in labor, parts, used cars and rental cars.  All the major auto insurers except Progressive (Ticker PGR) reported sizable underwriting losses during 2022. The worst results were generated by the top auto insurer, State Farm, which had an underwriting loss of $13.4... + full article



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