Expected improvement in private and commercial auto loss ratios will not be enough to keep the industry from posting a combined ratio over 100% for a second consecutive year in 2017, S&P Global Market Intelligence's U.S. Insurance Market Report says.
The report, which contains new P&C insurance industry projections for 2017 through 2021, predicts a slight increase in the industrywide combined ratio to 100.7%, with modest improvement in the private and commercial auto lines from historically high 2016 levels.
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