commercial auto insurance News

Texas’ QEO Group to Write Commercial Auto with Clear Blue Insurance Group

Irving, Texas-based QEO Group LLC (QEO) and Clear Blue Financial Holdings LLC (Clear Blue), headquartered in North Carolina, have agreed to a long-term, exclusive relationship for QEO to write its commercial automobile insurance program on Clear Blue’s carriers, Clear Blue …

Starr Cos. Now Offers Commercial Auto Coverages in Canada

Starr Cos. announced it has introduced commercial primary auto coverages in all provinces and territories in Canada. “This allows Starr to better support our primary general liability accounts by offering commercial auto to our insureds,” stated Hano Pak the chief …

Census: Work-Related Deaths Increase in Arkansas

A recent census shows a majority of Arkansas’ work-related deaths in 2015 were linked to transportation. The Arkansas Department of Labor’s census shows the state had 74 work-related deaths in 2015. That is up from 67 the previous year. More …

NTSB Investigating Texas Bus Crash That Left 8 Dead, 44 Hurt

Federal authorities are investigating a charter bus crash in far South Texas that killed eight people and injured 44 more in a single-vehicle rollover, officials said. Seven people died at the scene Saturday morning, May 14, on U.S. Highway 83, …

Valen Analytics Releases Risk Scoring Model for Commercial Auto Insurers

Valen Analytics, a provider of proprietary data, analytics and predictive modeling for property and casualty insurers, has launched Risk Score for commercial auto insurance within its InsureRight Platform. The predictive models offer underwriters the ability to look into risk selection …

Chicago Taxis Aim to Counter Ride-Hailing Industry with Apps

Chicago’s taxicab industry has rolled out two official ride-hailing apps to compete with the likes of Uber and Lyft. The department that regulates Chicago’s taxi industry announced a marketing campaign to publicize the apps, Arro and Curb. The city chose …

Texas’ Oil Boom Counties See Rise in Traffic Deaths

Vehicle crash deaths are significantly up in parts of Texas where oil and gas production is booming the most. The Houston Chronicle reports that deaths rose more than 50 percent in the West Texas counties located on the Permian Basin. …

GEICO Lowers Commercial Auto Rates in Virginia

GEICO is introducing lower rates in Virginia for commercial auto insurance customers, including contractors, retailers, caterers, professional services and other businesses. Small business owners in particular need commercial vehicle insurance packages to cover their cars, trucks and vans used on …

Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State

The share-and-share-alike attitude considered a virtue by some has the potential to create a rift between between ridesharing companies and insurance companies. “We try not to make it a battle,” said Robert Passmore, senior director of personal lines for the …

Commercial Auto Insurers Still Struggle to Profit: Fitch

Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a special report, “Commercial Auto …