traffic congestion News

Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?

Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor in overall property/casualty underwriting results. “It is …

Cost of Car Crashes Per Person: $1,500

The total cost of motor vehicle crashes in the U.S. totals $299.5 billion, according to a study done for the auto club AAA. According to the study conducted for AAA by Cambridge Systematics, the overall cost of crashes equates to …