commercial auto News

‘Powerful Predictiveness’ May Be Key to Reversing Commercial Auto Losses

The future cannot come too soon for commercial auto. Despite growing premiums, the commercial auto line hasn’t turned an underwriting profit for the past nine years as both the number and cost of claims exceeded expectations. Tech companies are pitching …

Claim Survives Because of W.V. Statute that Limits Exclusions for Borrowed Vehicles

Workers’ compensation immunity doesn’t shield an insurer from liability for injuries caused by someone who was borrowing the employer’s truck, and neither do exclusions in the policy, the 4th Circuit Court of Appeals ruled. The appellate court found that workers’ …

Fitch: Technology Needed to Reverse Commercial Auto’s Dismal Performance

The commercial auto line hasn’t returned an underwriting profit for eight years now. Growing claim severity is a big part of the problem. Advanced technology needs to be a part of the solution, according to a report released Tuesday by …

Houston Highway Awash in Beer as Truck Crashes

A beer-hauling truck accident in Houston has left two drivers slightly hurt and a leaky mess along a highway. Police say the two-vehicle wreck early Tuesday scattered dozens of cases of beer as the truck lost its load. Houston police …

ISO Expands Its Predictive Analytics Offerings for Commercial Lines

ISO, a member of the Verisk Insurance Solutions group at Verisk Analytics, announced the launch of the new ISO Risk Analyzer Businessowners Environmental Module and the availability of the newly enhanced version of the ISO Risk Analyzer Commercial Auto Environmental …