Prime Property and Casualty Insurance Inc. (PPCI) has expanded into the Florida commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks.
PPCI is able to insure any commercial auto risk class with adverse account experiences such as unsatisfactory loss experience, poor driving records or lack of insurance history.
The Florida Department of Transportation reported that in 2015 the state had 19.7 million registered vehicles and 16 million licensed drivers making it one of the country’s largest commercial auto markets. Among these are many commercial auto owners, employers and operators who need to insure their vehicles but have difficulty obtaining insurance for drivers with imperfect histories or atypical business arrangements.
“Producers have been frustrated by their inability to meet the needs of clients and have been lobbying the Florida Office of Insurance Regulation for a market for their very hard-to-place commercial automobile business,” said Rick J. Lindsey, president and CEO of PPCI.
PPCI offers coverage to all commercial auto risk classes including trucking, taxi cabs and towing operations despite circumstances like adverse loss experiences, poor SAFER scores, hazardous cargo, prior insurance cancelations and more.
PPCI handles claims in-house through its Claims Direct Access (CDA) service featuring an in-house legal team to take charge of discovery and investigation.
Topics Florida Auto Commercial Lines Business Insurance Property Property Casualty Casualty
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