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Corrective pricing action is moving commercial auto unit in the right direction, but more is still to be done, the executive said.
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Catastrophes in 2019 neared the attachment point of the carrier’s Skyline Re cat bond.
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The insurer has launched a new dedicated market platform and hired a sector expert to lead it. -
Shares in the commercial auto insurer rise more than 8 percent in early trading.
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The arrangement will allow drivers to buy and amend insurance on an app, and reward them for safe driving.
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Selective achieved renewal pure price increases that, on average, were in line with expected loss trends.
