News Brief header The commercial auto industry reported the best underwriting result in a decade, with a 26% decrease in total reported claims.

Further, the combined ratio of 101.6% for 2020 was nearly 8% better than the 2019 rate. However, the sector’s future profitability may be challenged as driving activity returns to normal, according to a recent report from Fitch Ratings.

Coverage insights header image Whether they’re transporting materials and tools to worksites, hauling goods for deliveries or driving to meet clients—organizations of all sizes and industries rely on safe, functioning vehicles to serve their customers and generate profit.

But, while utilizing a commercial fleet can offer numerous benefits, it can also create additional risks. As such, commercial auto insurance has become invaluable for any organization that operates vehicles as part of their operations.