Commercial auto writers push for rate as loss cost pressures intensify
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Commercial auto writers push for rate as loss cost pressures intensify

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Despite the Covid-19 pandemic providing some reprieve to the commercial auto segment, persistent noise around personal auto results is now bleeding into the commercial auto space, according to Q3 earnings calls commentary and independent sources.

With record high economic inflation, continuing supply chain issues and proliferating nuclear verdicts, underwriters and brokers have said the commercial auto industry will not reach rate adequacy for at least the next two to three years – with executives...

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