Stephen Applebaum and Alan Demers // November 25, 2024 
(Image credit: Lucy Chian/Unsplash.)
Since 2020 the world has seen more change, disruption and surprises than any period in recent memory—and the U.S. personal auto and property insurance market is no exception. Declining auto claims and associated consequences are now in focus.
The P&C industry has endured catastrophes, runaway inflation, highs and lows of post/pre-Covid-era accident frequency and crushing supply chain blows driving insurer loss costs to new heights. Through all of this, auto insurance lines are recovering and are on track to achieve a, 98.4 combined ratio in