commercial auto insurance News
NY Proposes Plan to Stabilize Broken Taxi Insurance Market
New York Governor Kathy Hochul proposed measures to stabilize the city's taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance ...
Economic, Social Inflation Influencing Drop in Auto Insurance Underwriting Profits: Triple-I/CAS
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 ...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be ...
HDVI, a Digital MGA Focused on Commercial Auto Cover, Raises $32.5M
High Definition Vehicle Insurance Group is planning new products and a national expansion, following $32.5 million in new venture funding. HDVI is an InsurTech MGA focused on commercial auto ...
Commercial Auto Tort Reform Bill Passes in Texas Senate
A bill that proponents say will help control abusive lawsuits against commercial motor vehicle operators following accidents has passed the Texas Senate. House Bill 19 would have a big impact on the ...
‘Modest Improvement’ for Commercial Auto Could Lead to Break-Even 2021: Fitch
Commercial auto insurance is on the road to "modest improvement" for 2021, thanks to both rising rates and a pandemic-related reduction in driving, according to a new Fitch Ratings report. Fitch said ...
UK Mobility Insurance Startup Zego Acquires Telematics Maker Drivit
Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. The deal, which will enable Zego to collect ...
Metromile Exploring Roads to Renters, Homeowners, Commercial Auto
Customers who have been buying personal auto insurance from Metromile may have the option of adding homeowners or renters to a coverage package in the not-too-distant future, the CEO revealed ...