HEARD IN THE INDUSTRY

“Near term, economic growth may spur increases in the frequency of claims. And as the economy inches closer to full employment, inflation in the severity of claims may accelerate. But economic growth may also spur increases in demand for insurance that absorb...

RESEARCH: Consumers are shopping

Consumers shopped and switched auto insurers more aggressively in 2010 than they have for 14 years, according to preliminary survey findings from McKinsey & Co. The survey analysis authors told Auto Insurance Report that the percentage of consumers who got a...