Commercial Auto Insurance Remains a Loser on the Whole: Fitch - The Gist Spot

Commercial Auto Insurance Remains a Loser on the Whole: 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

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In short, U.S. commercial auto insurance has evolved into a “chronically underperforming product segment” for U.S. property/casualty insurers, according to Fitch Ratings.
At the same time, Fitch notes, a number of carriers underwriting the line continue to do well.

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