How the COVID-19 Pandemic Is Changing the Insurance Industry
Homes occupied round-the-clock are less prone to crime, but vulnerable to usage-based problems.
As overall driving drops and patterns change, consumers may come to view telematics as a better fit for their travel patterns.
When financial concerns rise, insurers that compete on price may get a second look.
Claims activity fell in tandem with regional closures, but subsequent changes haven't been as consistent.
Insurers' rapid responses to the shutdowns via rebates and discounts helped contain price shoppers.
