Commercial auto insurance

IMS, Commercial Auto Insurance: Factors Contributing to Rising Claims and Loss Frequency

Commercial Lines Insurers Struggle to Revive Profitability Hit by Slew of Claims Involving Trucks and Other Commercial Vehicles In recent years, commercial lines insurers have struggled with profitability and experienced the poorest underwriting results in recent memory, prompting the realization that this industry sector needs a better strategy for assessing risk potential. At the same time, insurers need viable data-based mechanisms to help improve driver behavior. According to a recent study conducted by Conning, the loss and combined ratios of 87.7 percent and 108.8 percent exceeded overall commercial lines numbers by 15 points¹. This disappointing downturn in commercial lines insurance...

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Commercial Auto Insurance, MIG Insurance

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commercial auto insurance Commercial

There are a few types of insurance any business owner or business should own, and the include (but are not limited to)… Life Insurance. Life insurance protects loved ones against your death, but it can also be used to benefit your business–or save–your business. If you have life insurance, the insurer pays a certain amount of money to a beneficiary upon your death. You pay a premium in exchange for the payment of benefits to the beneficiary. This type of insurance is very important because it allows for peace of mind both personally and professionally; having life insurance allows you to know that your loved ones or company will not be burdened financially upon your death...

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