News From Law.com
Auto insurance policy shopping growth dropped to -1.2% in the third quarter of 2023, according to the latest LexisNexis Risk Solutions Insurance Demand Meter – quite a drop from the 5.2% growth seen in Q2 2023. The rate at which customers switched or purchased new coverage fell from 10.2% growth in Q2 2023 to 3.9% in Q3, but despite the drop in growth, LexisNexis reports record volumes of new policies in August and September.
Agent & Broker
December 05, 2023, 11:07 PM