All the headlines from our Commercial Auto Topic Page, ordered by recency.
Nov 18 2024 // Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net...
Nov 14 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024.Despite targeted underwriting initiatives, including...
Oct 28 2024 // Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net...
Oct 23 2024 // The Federal Aviation Administration on Tuesday finalized comprehensive training and pilot certification rules for flying air taxis, addressing a key hurdle to the deployment of electric vertical takeoff and landing...
Sep 5 2024 // New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial...
Sep 4 2024 // In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co.The 52-year-old, family-owned firm is hardly a household name, but...
Aug 30 2024 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since...
Aug 5 2024 // A charter bus caught fire early Friday as it was transporting a professional baseball team from Iowa to a game in a Chicago suburb.Members of the Sioux City Explorers made it off the bus safely, although several lost their...
Jul 19 2024 // Southwest Airlines and Archer Aviation said Friday they have agreed to develop operational plans for electric air taxi networks at California airports where the Texas-based airline operates. The companies said they have...
Jul 15 2024 // The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has...
Apr 22 2024 // Commercial auto is a tough topic in any business segment, but it’s tougher still for cannabis businesses.For our latest podcast, we spoke with Griffen Kapulica, broker relationship manager for Fairmatic, a commercial...
Apr 15 2024 // Boat operators, not properly insured boat rental places, will soon be held liable for injuries or damages caused by negligent operation of water craft if Georgia Gov. Brian Kemp signs a bill into law.House Bill 994 was...
Apr 5 2024 // Arrowhead General Insurance Agency Inc. in California launched a new commercial auto product.Arrowhead’s Commercial Auto is available to California customers in construction-related industries. The program...
Mar 18 2024 // Uber agreed to pay A$271.8 million ($178 million) to compensate thousands of taxi drivers in Australia who claimed they lost income when the ride-share company entered the local market.Uber Technologies Inc. settled the...
Jan 22 2024 // The New York workers’ compensation fund for black car drivers was within its authority to impose a 2.5% surcharge on noncash tips that passengers paid to drivers, a three-justice panel of the Second Circuit Court of...
Dec 1 2023 // JACKSON, Miss. (AP) — A Black former delivery driver in Mississippi who says two white men shot into his work van and then pursued him in a high-speed chase last year has filed a new lawsuit against the men and his...
Nov 17 2023 // New York Governor Kathy Hochul announced a legislative proposal to improve safety within the limousine industry.The bill includes provisions requiring that stretch limousines be equipped with enhanced safety features and...
Nov 15 2023 // ETNA, Ohio (AP) – A charter bus carrying students from a high school was rear- ended by a semi-truck on an Ohio highway Tuesday morning, leaving three people dead and 15 others injured, according to an emergency...
Nov 6 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends.“The liability component has been more problematic than the...
Oct 12 2023 // Approximately 78% of commercial auto insurers are in the research phase of preparing for usage-based insurance (UBI) products, according to a new report from The National Alliance for Insurance Education and Research and...