Commercial auto remains a US P&C sore point: AM Best

Commercial auto business in the US remains a challenge as
underwriting continues to be unprofitable even after six years of
rate increases, AM Best said late today.
Repeated adverse reserve development has helped drag down
results as well, the ratings firm said in an outlook for the
segment. The profitability of the line continued to deteriorate
through last year's third quarter.
"Profitability remains pressured, and, as loss costs rise,
insurers are stuck playing catch-up," the report said, not