Lawyer involvement in commercial auto claims driving up costs

By Angela Childers (February 4, 2022, 7:01 PM EST) – The number of commercial auto insurance claims involving attorneys grew more than 20% between 2015 and 2019, a trend experts fear will continue to lengthen cycles claims and exacerbate losses which could negatively impact the insurance industry and policyholders.

Commercial auto has been the least profitable insurance segment of all P&C insurance lines over the past decade, with nearly a quarter billion dollars in underwriting losses, according to a report by Conning Inc. (AP Photo/Phil Sandlin)

In a review of the impact of attorney representation in commercial auto claims, the actuarial firm Milliman found that claims involving attorneys resulted in a 21% increase in…

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