Auto insurance pricing is already very heavily regulated, by State. Pricing and underwriting models are public (Search term is SERFF + "State"). The fact is tha

Auto insurance pricing is already very heavily regulated, by State. Pricing and underwriting models are public (Search term is SERFF + "State"). The fact is that costs continue to increase for a variety of reasons. State Farm, for example, lost over $14 Billion last year, mostly from their Auto insurance line. Payments related to losses were 95.2% of the premium they collected, resulting in them having an overall -17% profit margin in that Line. https://www.carriermanagement.com/news/2024/03/01/259296.htm https://www.carriermanagement.com/news/2024/03/01/259296.htm