U.S. Commercial Auto Insurance Posts 14th Year of Underwriting Losses
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.
Aon's Report on Severe Storm Outbreaks and Insured Losses
A recent Aon report highlights severe storms leading to billions in insured losses, affecting property insurers and reshaping home insurance markets in the Midwest.
Allstate Reports Significant Losses Due to Severe Weather Events
Allstate reports $925 million losses from severe weather, stressing need for updated underwriting strategies in personal lines insurance amidst ongoing challenges.