Q4 2024 Auto and Property Insurance Shopping Increased 20% Compared to Q4 2023

Property insurers struggle with profitability due to delayed rate increases and natural disastersCHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Both auto and property insurance shopping saw 20% year-over-year increases in Q4 2024, according to TransUnion (NYSE: TRU) research. However, profitability for auto and property insurance was uneven. While auto insurance has come close to achieving rate adequacy, the property insurance market has been constrained due to limited rate increases and losses from natural dis ...