In 2024, commercial auto insurers faced a $4.9 billion underwriting loss driven by an 8% annual increase in claim severity, highlighting persistent challenges from social inflation and risk management in the U.S. market.

Commercial auto insurance in the U.S. continues to face underwriting losses for the 14th year, driven by rising claims costs and under-reserving, according to AM Best.

Discover the recent AM Best downgrade of Bell United Insurance Company. Analyze the impact of underwriting losses and financial performance on insurance ratings.

Explore the evolving U.S. property and casualty insurance market as it navigates growth forecasts, underwriting practices, and strategic management through 2026.

Fairmatic MGA rebrands as Leeo, adopting AI-powered telematics to enhance commercial auto underwriting under CEO Jeffrey Chen's leadership.

LEEO, formerly Fairmatic, rebrands and launches as a data-driven MGA specializing in commercial auto insurance, leveraging telematics and AI for smarter underwriting and faster quoting.

Russell Ellers takes over as CEO at QEO, succeeding Scott DeWolf, signaling a leadership transition within the commercial auto insurance MGA sector.

Explore the 2024 commercial auto insurance hard market dynamics, including underwriting challenges, telematics use, shifting risk strategies, and emerging cyber risks impacting fleet insurance.