The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of underwriting losses may be …
U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive year of underwriting losses in 2019, according to Fitch …
While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015. In short, U.S. commercial auto insurance has evolved into …
