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U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the U.S. commercial automobile insurance line of business has not

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Trucking insurance rate trends continue in the wrong direction

FleetOwner, June 29, 2020 By Cristina Commendatore In the last five or six years, trucking companies have watched their insurance rates climb, and many have found the insurance process daunting. Since 2018, trucking insurers have lost around $1.8 billion due to continued pressure from plaintiffs’ attorneys targeting the industry and

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When fleets are hit with huge post-crash settlements, who pays?

Commercial Carrier Journal, March 13, 2020 By Matt Cole This is the second of a two-part series on the growing trend of large court-ordered settlements in truck crash lawsuits. In post-crash litigation in which juries order trucking companies to pay multi-million-dollar settlements, who actually foots the bill? Mostly, it depends

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