Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The commercial auto insurance segment recorded its first underwriting loss in eight years in 2011 due to a combination of declining premiums, increasing claims severity and a reduction in favorable prior-year reserve releases, a new report states. 

In its Commercial Auto Market Update, Fitch Ratings says the commercial-auto line posted a combined ratio of 103.6 in 2011. Fitch says that, on an accident-year basis and examining only liability for commercial auto, the underwriting losses occurred earlier, beginning in 2009. “The 2011 accident year combined ratio is more than 14 points worse than the cyclical best of 90 achieved in 2004 and 2005,” Fitch says of the liability-only data.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.