Auto insurance

The least expensive five states have an average annual insurance premium for 16- to 19-year-old teenagers of $992.

In other news: Nationwide launches digital platform Pet HealthZone and Bain Capital Insurance closes its 1.15B inaugural private equity fund.

Property and casualty players have struggled to maintain profitability as they deal with a greater frequency and severity of accidents, combined with higher costs to repair or replace damaged vehicles, as well as heightened costs linked to extreme weather events.

Jim Ryan, who joined State Farm as an innovation executive at the start of 2023, spoke with Digital Insurance about his ideas for how to innovate technology and operations at the carrier, how telematics will continue to change auto coverage, and how tech advances can reduce risk.

Since 2019, there's been an 18% increase in alcohol-impaired fatal crashes, a new study has found. An analysis of traffic violations data can help accurately forecast insurance losses, according to the credit bureau.

The car is transforming rapidly and the opportunities to work with the vehicle ecosystem have never been more straightforward.

Deepa Soni, EVP and CIO at the Hartford gives the keynote address; Nationwide's embedded partnerships; CSAA on workforce trends.

The concept car shown at VivaTech was put together in six month by some 100 engineers.

Carrier's strategic enterprise executives tell Dig-In attendees how homeowner and tenant verification, Rivian EV initiatives brought in more underwriting business.