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.
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.
Ontario Superior Court rules $2.3 million aggregate insurance coverage limit in vehicular accident case involving 25 claimants, clarifying excess liability and family protection endorsements.
The global commercial insurance market is set to expand at a 7.9% CAGR, reaching $1.89 billion by 2030, driven by regulatory reforms, insurtech adoption, and rising risk exposures in North America, Asia-Pacific, and other regions.
The Texas Supreme Court clarifies litigation and discovery procedures for bad faith claims involving uninsured and underinsured motorist coverage, establishing a stepwise process to manage costs and streamline UM/UIM insurance disputes.
Explore how Marsh & McLennan Companies leverages diversification and acquisitions to maintain growth and profitability amid softening insurance pricing and rising liability costs.
Explore key trends in U.S. commercial liability insurance premiums, capacity shifts, risk retention strategies, and underwriting challenges amid rising court settlements and market pressures.
The Washington State report finds the liability insurance market for adult family homes sustainable with stable premiums and loss ratios. It highlights insurer risk perceptions and offers strategies to enhance market appeal ahead of the 2026 legislative session.
Third-party litigation funding drives higher premium costs and reduced liability insurance availability, impacting underwriting and claims trends in commercial auto, umbrella, and product liability lines.
Nevada Senate narrowly approves bill to raise minimum liability insurance for truckers, sparking industry opposition and regulatory debate.
Explore the latest WTW Power Market Review insights on reinsurance trends, focusing on competitive pricing, environmental investments, and challenges in power infrastructure.