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Commercial Auto Insurance Profit Struggles Continue

Insurance Journal

The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has generated a statutory combined ratio above 100 in 12 of the …

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2024 More of the Same Commercial Auto Insurance Segment After $5B Net Loss in 2023

Insurance Journal

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. After the U.S. Despite targeted underwriting initiatives, including raising premiums to match the rising …

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As Providence Mutual Exits Auto Insurance Business, Plymouth Rock to Get Renewals

Insurance Journal

Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines n the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company …

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Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS

Insurance Journal

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

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Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS

Insurance Journal

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

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Navigating Arizona Auto Insurance for Your Commercial Business

Central Insurance

Learn how to navigate Arizona auto insurance for your commercial business by understanding essential coverage types and unique state risks. The post Navigating Arizona Auto Insurance for Your Commercial Business appeared first on Central Insurance Blog.

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COMMERCIAL AUTO INSURANCE

Rough Notes

Harrington, CPCU If insurance underwriting were a reality television show, commercial auto underwriting would be cast as the ultimate challenge of endurance for the participants. Like haggard, sweat-soaked individuals scrambling to reach the finish line, commercial auto insurance providers, producers, and buyers […]