Market Segment Outlook: US Commercial Auto
A. M. Best is maintaining a negative outlook on the commercial auto segment for 2018. Despite several years of rate increase, adverse development of prior years’ loss reserves continues to result in rising calendar-year underwriting losses. As a result, the performance of the commercial auto segment has lagged that of other P/C sectors for several years, a trend that continued through the third quarter of 2017.
To learn more about A.M. Best Company, please visit their website.