Commercial auto must hold firm amid high inflation, loss costs: AFG co-CEO Lindner
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Commercial auto must hold firm amid high inflation, loss costs: AFG co-CEO Lindner

Chris DeZinno
November 03, 2022
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American Financial Group logo Cincinnati Ohio.jpg

American Financial Group (AFG) is assuming commercial auto liability loss costs trends at 7%, while its commercial auto liability book faces inflationary and loss cost pressures, co-CEO Carl Lindner said.

On a call with analysts, Lindner noted that while the company’s overall commercial auto business is meeting targeted returns and combined ratio targets, the commercial auto liability part of its book is still only seeing a small underwriting profit...

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