Global Research Unlocked

Funny commercials, sobering bills; inflation coming to auto insurance


Listen Later

Safe drivers look elsewhere for discounts as the auto insurance industry is entering a hard market

During the peak of COVID lockdowns, miles driven declined dramatically while auto insurers posted highly profitable quarters and policy holders enjoyed premium cuts and rebates. But the pandemic recovery commenced, pushing miles driven higher along with pricing for used cars and parts and forcing a reversal of fortune for auto insurers. Josh Shanker joins us to discuss how the the recent hit to auto insurance profits will result in insurers pushing premium prices higher, likely leading consumers to shop around for better rates and resulting in market share shifts. He advises consumers to shop for insurance early while insurers and regulators implement premium increases. Josh also discusses long term implications for the industry from innovative safety technology and autonomous vehicles.

 

"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.

©2022 Bank of America Corporation. All rights reserved.

...more
View all episodesView all episodes
Download on the App Store

Global Research UnlockedBy BofA Global Research

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

13 ratings


More shows like Global Research Unlocked

View all
Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,201 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

401 Listeners

Notes on the Week Ahead by Dr. David Kelly

Notes on the Week Ahead

189 Listeners

Insights Now by Dr. David Kelly and Gabriela Santos, J.P. Morgan Asset Management

Insights Now

94 Listeners

Masters in Business by Bloomberg

Masters in Business

2,174 Listeners

Exchanges by Goldman Sachs

Exchanges

992 Listeners

Talks at GS by Goldman Sachs

Talks at GS

84 Listeners

UBS On-Air: Market Moves by Client Strategy Office

UBS On-Air: Market Moves

181 Listeners

Making Sense by J.P. Morgan

Making Sense

58 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,267 Listeners

At Any Rate by J.P. Morgan Global Research

At Any Rate

80 Listeners

Barron's Live by Barron's Live

Barron's Live

195 Listeners

Global Data Pod by J.P. Morgan Global Research

Global Data Pod

24 Listeners

FICC Focus by Bloomberg Intelligence

FICC Focus

27 Listeners

The Markets by Goldman Sachs

The Markets

70 Listeners