Tag: supply chain and autos

Commercial Auto Insurers Face Inflation and Loss Severity, Impacting Positive Growth

Vehicles with their brake lights lit up as they are stopped on an inboud interstate highway on an overcast summer morning in chicago.

According to a new AM Best report, a return to pre-pandemic norms in the nonstandard auto insurance segment in the United States, with higher loss-cost pressures, elevated inflation, and supply chain issues, may counteract recent positive market trends. According to Best’s Market Segment Report, “Inflation and Loss Severity Counteract Tailwind from Pandemic Recovery for Nonstandard… Continue reading Commercial Auto Insurers Face Inflation and Loss Severity, Impacting Positive Growth