AI disruption fear might strike auto insurers next. Two stocks are in the crosshairs
Published on 20/02/2026 11:45 AM
AI disruption fear might strike auto insurers next. Two stocks are in the crosshairsBMO warns self-driving cars may hurt Progressive and Allstate, but Fidelis, Hamilton, Kinsale, and RenaissanceRe have no exposure to this risk.By CNBC Pro | Alex Harring |CNBC February 20, 2026, 11:45:19 AM IST (Published)Artificial intelligence could shake up car insurance stocks as autonomous vehicles become more ubiquitous. That's bad news for Progressive and Allstate, according to BMO Capital Markets.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18's flagship events Interaction with CNBC-TV18's journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers