Commercial auto
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US commercial and personal auto insurer claim payouts combined were up between $96bn and $105bn for the period from 2013 to 2022. -
Competing forces of loss cost inflation and mixed rate action yield uneven trajectories for the largest commercial lines.
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Adoption of telematics is the first step, but the next step is analyzing the data and using it to make better drivers via retraining, rewards and incentives.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Nationwide’s recent exit from its E&S commercial auto business has spurred a flurry of speculation as to what's next for the space.
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The ratings downgrade follows the departure of former CEO Marty Young and a round of layoffs in April.
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The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.
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The carrier had estimated a write-off in the range of $25mn-$35mn.
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Recently released statutory data shows the US P&C industry loss ratio touching the 65% mark, the highest level in two decades.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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AM Best’s last rating was to downgrade the financial strength rating (FSR) of the members of the Hallmark Financial Group to C++ (marginal) from B++ (good).
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The update comes days after the agency downgraded the carrier’s ratings late last week.
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