Supply chain disruptions among risks to low auto insurance claims costs — Panjiva
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Supply chain disruptions among risks to low auto insurance claims costs

Cons. Discr. - Autos 1207 Mexico 896 U.S. 5347

The U.S. auto insurance industry has faced significant disruptions from COVID-19. The level of claims fell at the start of the pandemic, but the average cost per claim has continued to increase. A drop in imports of car parts, in part due to reduced miles driven and a drop in new vehicle manufacturing, introduces further uncertainties for the insurance firms. Ongoing regulatory inquiries and complaints from consumer groups could bring the debate over auto insurance premium relief back to the fore. Subsidiaries of Hartford Financial Services Group, Inc. have highlighted in filings the inc...

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