Commercial Auto Woes Persist for U.S. Insurance Industry

By Caitlin Diaz | January 2, 2025 |
A row of commercial vehicles is lined up in the foreground, with a focus on one van in the center, set against a sunset or early morning sky. The scene represents the ongoing challenges faced by the U.S. insurance industry in the commercial auto sector.

The U.S. insurance industry’s struggles with commercial auto insurance show no signs of easing, as first-half 2024 results reveal continued deterioration despite 13 years of consistent quarterly price hikes, according to a new AM Best report. “While U.S. commercial lines have generally performed well, especially in 2022 and 2023, driven by strong underwriting in workers’…

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