Numerous Pressures Create Tough Terrain for Personal Auto Insurers

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Numerous Pressures Create Tough Terrain for Personal Auto Insurers</title>
</titleInfo>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080441371">
<namePart>A.M. Best Company</namePart>
<nameIdentifier>MAPA20080441371</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">usa</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Oldwick [etc.]</placeTerm>
</place>
<publisher>A.M. Best Company</publisher>
<dateIssued>2022</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
<extent>9 p.</extent>
</physicalDescription>
<abstract displayLabel="Summary">Inflationary pressures, supply chain disruptions, and higher costs assoclated with technological advancements are squeezing profit margins for private passenger (personal) auto Insurers. Despite the best efforts of carders to pursue rate increases and use available pricing tools more judiciousty, personal auto insurers are having difficulty staying ahead of deteriorating severity trends. The direct incurred loss ratio through the first half of 2022 deteriorated by more than 13 percentage points compared with the first half of 2021 </abstract>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080590567">
<topic>Empresas de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080603779">
<topic>Seguro de automóviles</topic>
</subject>
<classification authority="">322</classification>
<relatedItem type="series">
<titleInfo>
<title>Best's market segment report</title>
</titleInfo>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">220203</recordCreationDate>
<recordChangeDate encoding="iso8601">20221128085855.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20220035163</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>