The P&C industry needs to scientifically assess and integrate into internal processes the relevant economic, legal, demographic and societal factors that drive commercial auto insurance losses. (Provided photo)
Commercial auto insurance continues to be a sore spot as loss ratios for this line have increased nearly 17% since 2006, its lowest point in the past 16 years.
This increase was nearly twice that of the overall P&C industry loss ratio during the same time period.
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