U.S. Consumers Continue to Shop and Switch Auto Insurance at Higher Rates, Dragging Down Carriers’ Retention Rates

According to the LexisNexis Insurance Demand Meter, a “Hot” Q4 2023 spelled continued rate increases, along with improved combined ratios, and now opens a window for insurers to capitalize on continued shopping as they seek a return to profitability in 2024 ATLANTA, Feb. 21, 2024…