While a significant amount of attention has been devoted to the volatile homeowners insurance market over the past few years by the media and lawmakers in the wake of massive hurricane losses, the auto insurance side of the personal lines business has been enjoying a fairly smooth ride.
"Auto has been so overshadowed by everything else that has taken place," said Madelyn Flanagan, vice president of education and research for the Independent Insurance Agents and Brokers of America.
Ms. Flanagan added that the auto market "is very stable" at the moment. The premium increases common four or five years ago, she said, "are beginning to subside," and some have even starting seeing rate decreases.
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