costs per claim News

A.M. Best Says Commercial Auto Losses Worst in 10 Years

The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the …

WCRI Study: Recession Gradually Affecting Michigan Workers’ Comp Costs Per Claim

The deep recession in Michigan is impacting the workers compensation system there as some costs per claim rose slowly, according to a new study by the Workers Compensation Research Institute (WCRI). Amid recessionary pressures, indemnity costs per claim – payments …