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A harder road ahead for Commercial Auto

Some trucking companies are looking into alternative risk transfer methods, such as forming group captives, as they see their costs go up.

By Phil Gusman | Updated on June 14, 2016

While the story for commercial lines in general continues to include overall softening conditions as excess capital and capacity drive competition, Commercial Auto/Trucking is heading in the opposite direction, with some companies exiting parts of the market and rates generally on the rise.

The need for harder market conditions in Commercial Auto — particularly within certain segments — has been recognized for a few years, even if the timing was in doubt.

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