Tough Times for Auto Insurers in NJ (Dec. ’25)

Tough times for auto insurers in the Garden State. Mention of our home state 22 times in a quarterly call got our attention. The issue: adverse reserve development caused by a reacceleration of claim severity. Data through ’24 shows how results have worsened in commercial auto liability, less so physical damage. Notably, NJ worsened esp. relative FL post their March ’23 reforms. More in our Dec. Briefing.