combined loss ratio News

Fitch Says Sharp Drop in Claims Frequency Helped Commercial Auto Break Even, Almost

A sharp decline in claim frequency helped the commercial auto line achieve its best underwriting performance in a decade last year, but rising claim severity threatens to erode profits as traffic returns to US roadways, according to a report released …

Fitch Cautious, but Economist Predicts ‘Isolated’ Impact From Business-Interruption Claims

While Fitch Ratings worries that litigation over COVID-19-related business-interruption claims is creating uncertain risk for property and casualty insurers, an economist who once served as a chief advisor to the industry said he doubts there will be a widespread impact. …