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The trucking carrier has been building out its executive team this year. -
The change was made on December 2 and was effective immediately.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
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Workers’ compensation was the only line that saw a YoY decrease.
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The reserve strengthening stemmed from bodily injury and defense costs for accident years 2023 and prior.
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Success in the soft market will be had when careful preparation meets opportunity.
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Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
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Workers’ comp rates dropped again, but the decline slowed from last quarter.
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