Commercial Auto Insurance Data May Reveal Market Trends

Cars in trafficParts of the commercial auto insurance industry may be used as predictors of what will happen in the market overall, according to a new study by Conning Research and Consulting.

Analyst Clint Harris says the commercial auto insurance industry should be watched.

“Changes in commercial automobile results are important not only to the insurance groups with substantial premium written in the line of business, but also to insurers seeking to uncover developing trends in the broader commercial lines markets,” said Harris. “Principal commercial automobile industry segments, such as construction and trucking, are leading economic indicators for the general economy.”

Nearly 10 percent of premium losses last year were from the commercial auto segment, according to Insurance Networking News.

About Ben Zitney
Benjamin Zitney has been covering the auto insurance industry for the past 2.5 years. Before coming to Online Auto Insurance News, he produced an extensive company history of the 30-year-old California Joint Powers Insurance Authority and worked at the Cal State Long Beach Daily Forty-Niner as a reporter, copy editor and news editor.

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