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In 2018, the commercial auto's statutory direct written premiums increased 13%. However increasing claims severity, particularly on bodily injury claims, nullify the gains of premium rate increases. (Photo: Shutterstock) In 2018, the commercial auto’s statutory direct written premiums increased 13%.  (Photo: Shutterstock)

For the ninth consecutive year, U.S. property and casualty (P&C) insurers are facing underwriting losses on commercial automobile insurance, which remains among the weakest major commercial lines P&C segments, says a new report from Fitch Ratings.

Heather Turner

Heather Turner is digital managing editor of NU PropertyCasualty360.

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