May 8th, 2014
Liability Line That Appears To Be Deteriorating
Posted at 1:00 AM ET
Jessica Leong, Lead Casualty Specialty Actuary
Liability line that appears to be deteriorating: Commercial auto liability.
The commercial auto liability line has been deteriorating since accident year 2010 and continues to deteriorate. Insurers are seeing an increasing “frequency of severity” - more large severity claims than expected.
