Atlas shares slump 41% after hours on reserve charge and reviewShares in commercial auto insurer Atlas Financial collapsed in after-hours trading today after the company announced a reserve strengthening in its fourth quarter earnings driven by higher claims severity.
Commercial auto drives Protective to Q4 lossProtective Insurance’s combined ratio in the fourth quarter was 112.2 percent, up from 99.3 percent in the fourth quarter of 2017.
CSAA commercial auto start-up Mobilitas gets A ratingCSAA Insurance Group is gearing up for the launch of a new commercial auto platform called Mobilitas Insurance Company after securing an A financial strength and “a+” credit rating for the subsidiary carrier.