Skip to Content

October 21st, 2024 Newsletter

October 22, 2024 by
GIS UIUC

Gamma Iota Sigma 


Week 9!


 

Hello, everyone!

We hope you had a great weekend! A big thank you to everyone who joined us for last week’s company presentation, chapter meeting, and movie night. This week, we don’t have any events planned, so we hope your midterms have been going well or will go well.

Best,

Gamma

​

 

Article of the Week

Unexpected Developments in Personal Auto

The personal auto insurance industry is facing major challenges, with a combined ratio of 112.2 in 2022, signaling significant underwriting losses. Key factors driving losses include rising repair costs for high-tech vehicles, a labor shortage in the auto repair industry, and worsening driving behaviors since the pandemic. While insurers have raised rates to combat these issues, frequency and severity of claims continue to rise. The article explains how these trends, combined with inflation and supply chain disruptions, are putting pressure on insurers to adapt their pricing strategies to return to profitability.

You can find the full article here

Learn more



Email us to be added to our newsletter email list!
in News
Read Next
October 14th, 2024 Newsletter