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As expected commercial lines suffered losses in 2017 but seems to be on track for a slight profit in 2018. (Photo: Shutterstock)

With its host of natural disasters, 2017 was expected to be a bad year for commercial insurance companies, and new report from Fitch Ratings has confirmed expectations.

The commercial lines had a combined ratio of 103.8%, leading to an underwriting loss in the market overall since 2012. In addition to 2017’s hurricanes and wildfires, several years of cyclical pressure on premium rates also contributed toward gradual deterioration in results over the last three years, the report says.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected]

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