For the past several years, insurers have responded to rising losses the same way they always have: raise rates, tighten underwriting, and pull back from risk. But what if that’s not actually the problem? Because even as pricing stabilizes, something else isn’t: Claim severity. The Industry Is Solving the Wrong Problem There’s a growing disconnect in auto insurance: Rates have increased Underwriting has tightened Loss ratios are improving And yet… Settlements continue to rise
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