Insurance

Auto insurers face bumpy road ahead

Allstate reported this week that its property-liability combined ratio increased to 95.7 in the second quarter, nearly six points higher than during the same quarter last year. This ratio rises as underwriting losses and expenses become a greater percentage of premiums collected—not what investors want to see. The uptick was aided by increasing auto-accident frequency relative to very depressed levels during the pandemic.

Ransomware rattles cyber insurance market

The cyber insurance industry faced "a reckoning" in 2020 in the wake of a wave of ransomware incidents, according to a report from Fitch Ratings provided to FOX Business.

Is it a good idea for drivers to buy GAP insurance?

GAP insurance is an optional supplemental coverage that helps pay off your vehicle loan if your car is totaled and you owe more than its depreciated value. It's a good idea for several reasons.