May 8th, 2014

Liability Line That Appears To Be Deteriorating

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

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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.

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