-

AM Best to Host Webinar on the Impact of Current U.S. Auto Insurance Trends

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will host a complimentary webinar, titled, “A Hard Collision With Profitability: The Impact of Current U.S. Auto Insurance Trends,” sponsored by LexisNexis Risk Solutions, on Tuesday, May 9, 2023, at 3:00 p.m. (EDT). A panel of insurance and technology experts will examine actual and developing challenges faced by the U.S. auto insurance sector and how insurers are looking to control costs and take rates. Register today.

Topics to be discussed include:

  • Miles driven and violations returned to near pre-pandemic levels;
  • Super speeding and distracted driving violations contributed to a rise in accident and bodily injury severity;
  • Low car inventory levels affected insurance shopping events in the first half of the year; and
  • As policy rates rose in the latter half of the year, shopping and switching increased dramatically.

Panelists include:

  • Adam Pichon, senior vice president and general manager, U.S. Auto Insurance and Claims, LexisNexis Risk Solutions; and
  • Tanner Sheehan, vice president and general manager, U.S. Claims, LexisNexis Risk Solutions.

Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2023 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Lee McDonald
Group Vice President, Publication & News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com

AM Best


Release Versions

Contacts

Lee McDonald
Group Vice President, Publication & News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com

More News From AM Best

AM Best Assigns Issue Credit Ratings to UnitedHealth Group Incorporated’s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IRs) of “a” (Excellent) to UnitedHealth Group Incorporated’s (UnitedHealth Group) (Minnetonka, MN) [NYSE: UNH] recently issued senior unsecured notes. (See detailed list below.) The outlook assigned to these Credit Ratings (ratings) is negative. The proceeds from UnitedHealth Group’s recent $3 billion debt issuance are expected to be used for general corporate purposes, including repayment of short-te...

AM Best Assigns Credit Ratings to JMalucelli Travelers Seguros SA

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to JMalucelli Travelers Seguros SA (JMT) (Colombia). The outlook assigned to the Credit Ratings (ratings) is stable. The ratings reflect JMT’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also consider...

Best's Review Examines How FAIR Plans Are Finding Competitive Foothold

OLDWICK, N.J.--(BUSINESS WIRE)--In its June issue, Best’s Review reports on how insurers, without the rate adequacy they need to sustain their books, are exiting high-risk areas and leaving consumers with few remaining options. Many homeowners have had to turn to the residual market because of a decline in availability of coverage, even though FAIR Plan policies may cost more than private insurance in the voluntary market and may offer less coverage. Read the article here. Best’s Review is AM B...
Back to Newsroom