Data may imply coronavirus auto-premium reductions were premature - LeadCloud News
X
Data may imply coronavirus auto-premium reductions were premature
04 May 2020

Data may imply coronavirus auto-premium reductions were premature

In Austin, Texas, “While average traffic volumes appear to be down ~50% from earlier this year, overall crashes are only down ~20% and we’ve seen an increase in serious injuries by ~15%,” Susanne Harm of the city’s transportation department wrote via email and reported by CityMetric. “One takeaway from this is that people who continue to drive seem to be getting into serious car crashes more frequently.”

These data should be very worrisome for those carriers, including Geico, Liberty Mutual, American Family, and USAA, that just returned billions in premiums to auto insurance customers based on projected reductions in crash frequency, without considering severity.

Learn more here - https://www.dig-in.com/opinion/data-may-imply-coronavirus-auto-premium-reductions-were-premature?position=editorial_1&campaignname=20191016_DIG_Weekly_Analytics-04292020&utm_source=newsletter&utm_medium=email&utm_campaign=20191016_DIG_Weekly_Analytics%2B%27-%27%2B04292020&bt_ee=%2BlAIs1B70qgOwFoYswjcb66qKaHnFYbOi03DATLRN4ts3CGDb1Z4QTX6eocCbeHg&bt_ts=1588176097278

 

Related

Click HERE to submit an article for review.  You will asked to login.  You can use your normal partner credentials if you know them, or you can use our Guest Account:

Username:  Guest
Password: LCGuest*

All articles will be reviewed and approved before being published.