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Commercial Auto Hits Really Tough Times

from PIA Western Alliance

These days it's a good news-bad news scenario for property and casualty insurer profits. The good news is insurers have seen three years of huge underwriting profits. Bad news comes via commercial auto. As of the end of 2015, underwriting losses there have dropped for the last five. That's a big concern for Fitch Ratings. The rating firm calls it a "chronically underperforming product segment." more

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