Commercial auto market hardening to continue: Burns & Wilcox
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Commercial auto market hardening to continue: Burns & Wilcox

Bernard Goyder
April 22, 2021
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There is no sign that commercial auto rates will be softening any time soon, despite a drop in auto accident frequency in 2020 bringing some respite to carriers, speakers at a Burns & Wilcox transportation seminar said today.

Underwriters remain concerned about the impact of social inflation and nuclear verdicts on their books, fueling conservative approaches to trucking and other transport risks by carriers.

Gordon

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