Canadian Underwriter

Keyword
commercial auto


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Underwriting performance for U.S. commercial lines likely to deteriorate in 2016: Fitch Ratings

May 18, 2016 by Canadian Underwriter

Underwriting performance for the commercial lines sector in the United States is likely to deteriorate in 2016, according to a report released on Tuesday by Fitch Ratings. The decline follows a three-year underwriting profit for the industry, with a combined

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Economical Insurance combined ratio down 4.6 points in first quarter of 2016

May 10, 2016 by Canadian Underwriter

Economical Insurance has reported a combined ratio of 101.1% in the first quarter of 2016 ending March 31, down 4.6 percentage points from the Q1 2015 combined ratio of 105.7%. Waterloo, Ont.-based Economical Insurance’s gross written premiums were up by

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Q1 combined ratio up 11.5 points at PartnerRe

May 6, 2016 by Canadian Underwriter

PartnerRe Ltd. recently reported its net premiums written dropped 9.2%, from $1.653 billion in the first three months of 2015 to $1.5 billion in the latest quarter, while the combined ratio deteriorated 11.5 points, from 82.8% in Q1 2015 to

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Intact reports 0.9 percentage point drop in combined ratio in first quarter of 2016

May 4, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported a 0.9 percentage point drop in its combined ratio for the first quarter of 2016 compared to the same quarter in 2015, led by property lines and improving personal auto results. Toronto-headquartered IFC, the

Feature InsuranceLegislation / RegulationMergers and Aqcuisitions

Tired of Losses

May 1, 2016 Greg Meckbach, Associate Editor

Driver distraction and fatigue are believed to be the root causes of many large auto losses. Even when drivers have their eyes on the road, the mere act of talking on a hands-free wireless device can adversely affect both field of vision and the ability to concentrate on the task of driving, one risk management expert cautions. While hours of service regulations stipulate the amount of rest that commercial drivers must have, one sleep expert warns that sleeping at the right time is just as important as getting the right amount of sleep.

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U.S. commercial auto insurance “a chronic underperformer”: Fitch Ratings

April 28, 2016 by Canadian Underwriter

Commercial auto insurance in the United States has evolved into a “chronically underperforming product segment” for P&C insurers in the country, according to Fitch Ratings. While the P&C industry has reported three consecutive years of significant underwriting profits, the commercial