All the headlines from our Commercial Auto Topic Page, ordered by recency.
Oct 4 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...
Sep 29 2023 // On-demand insurance platform INSHUR launched its insurance offering for on-demand livery drivers in Arizona, its second state in the U.S. following New York. This comes after the company’s acquisition of American...
Aug 8 2023 // A charter bus carrying up to 50 people collided with a vehicle on an interstate in Pennsylvania, killing three people, state police said.The crash happened during heavy rain around 11:50 p.m. Sunday on southbound...
Jun 30 2023 // Mercenary hackers increasingly are targeting law firms in a bid to steal data that could tip the balance in legal cases, French and British authorities say, echoing a Reuters investigation that uncovered the phenomenon...
Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...
May 19 2023 // A limousine service manager was convicted of manslaughter Wednesday in a crash that killed 20 people in rural New York, one of the deadliest U.S. road wrecks in two decades.Jurors reached their verdict during their second...
May 18 2023 // The operator of a limousine company who has been accused of acting recklessly and causing the deaths of 20 people, is not to blame for the 2018 upstate New York crash, because he tried his best to repair and maintain the...
May 10 2023 // A limousine company operator on trial for a crash that killed 20 people in upstate New York was portrayed by a prosecutor Monday as directly responsible for the deaths, while a defense lawyer argued he was simply in the...
May 3 2023 // Nearly five years after a stretch limousine packed with birthday revelers careened down a hill and off a road in rural upstate New York, killing 20 people, the operator of the company that rented out the vehicle is going...
Apr 25 2023 // A Florida prosecutor has ordered an investigation in a confrontation in which a homeowner fired shots into a couple’s car when they mistakenly turned onto his property while making a late-night grocery delivery....
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
Jan 10 2023 // Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the first half of 2023—including a predicted “buyer’s market” for...
Dec 1 2022 // Michigan-based Ford Credit announced plans to launch Ford Pro Insure, a new commercial auto insurance product powered by Pie Insurance. “Ford Pro customers have come to expect a complete set of products and services...
Nov 23 2022 // A California company seeking to build small electric aircraft says it will invest $118 million to construct a plant near Atlanta, eventually hiring up to 1,000 people.Archer Aviation, based in Santa Clara, California, said...
Nov 21 2022 // The U.S. Federal Aviation Administration (FAA) on Monday proposed new rules that would help pave the way for commercial air taxi operations by around the middle of the decade.Electric vertical takeoff and landing aircraft...
Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey.All Trans is a...
Nov 1 2022 // New York regulators failed to do all they could to sideline a poorly maintained stretch limousine that careened down a hill and crashed in 2018, killing 20 people, according to a state watchdog.State Inspector General Lucy...
Oct 12 2022 // For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results.According to AM...
Oct 5 2022 // A New York state task force created after a 2018 limo crash that killed 20 people issued a safety report with recommendations including equipping the vehicles with side impact protection devices and taking them off the...
Aug 31 2022 // Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance...