Atlas Financial becomes latest commercial auto victim

Niche commercial auto insurer Atlas Financial fell to a $27.3mn
adjusted operating loss for the fourth quarter in the face of what
its CEO described as a "unique set of circumstances" that
beset the company last year.
Last month, the specialist carrier announced that it would be
forced to bolster reserves after claims from Michigan between 2010
and 2015 exceeded expectations by $23mn. Atlas focuses on light
commercial vehicles like taxis and paratransit vans.
On Monday, Atlas boss Scott Wollney.