Direct written premiums for auto and homeowners insurers increased in the first quarter of the year.
Among private auto insurers, direct written premiums climbed to $47.39 billion in the first quarter, a 4.18-percent increase compared to the same quarter last year, according to a recent SNL Financial report and ranking. Rates have been rising consistently across the industry for the past two years, the report said, and Q1 was the best first-quarter rate since 2004.
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