Commercial auto is experiencing a perfect storm of severity drivers -- and carriers are navigating it with a combination of pricing discipline and risk selection.
Vehicle complexity has increased repair costs substantially. Supply chain issues that drove up parts costs have partially normalized, but labor rates at body shops remain elevated. Medical inflation on bodily injury claims adds further pressure.
Nuclear verdicts in commercial auto -- particularly trucking -- have become a significant loss driver. Fleet operators with strong safety programs, dashcam usage, and telematics data are seeing better pricing and coverage outcomes.
Underwriters are scrutinizing fleet safety records, driver qualification programs, and vehicle maintenance practices more carefully than ever as severity trends demand tighter risk selection.
#CommercialAuto #InsuranceTrends #FleetSafety #TruckingInsurance #PandCInsurance
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