commercial insurance News

Texas Takes Up Comprehensive Ridesharing Bill

Ridesharing giants Lyft and Uber left San Antonio in their rearview mirror after the nation’s seventh largest city restricted their operations, instead shifting their focus — and money — on convincing Texas lawmakers to allow them to operate statewide with …

5 Accused in Houston-Area Truck Crash ATM Theft

Five individuals are facing aggravated robbery charges after police in suburban Houston arrested them for allegedly robbing an ATM from a gas station. Police in Humble say several men used a stolen truck to ram into the side of the …

California Surplus Lines up Considerably in 2014, Report Shows

Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines Association of California. For 2014 there was …

San Antonio’s Ridesharing Rules Include Commercial Insurance Requirement

San Antonio has become the latest Texas city to approve rules for regulating ridesharing companies such as Lyft and Uber. The San Antonio City Council approved regulations that require commercial insurance, fingerprint background checks for drivers and inspections for vehicles. …

Minnesota Seeing More, Costlier Farm Equipment Accidents

Increasingly large farm machinery is causing more costly and potentially dangerous collisions with power lines and poles, rural Minnesota electric co-ops say. More than 2,000 customers of Federated Rural Electric, based in the southwest part of the state, lost power …

Severe Floods Overwhelm Detroit Area; Slow Vehicle Production

A woman died when her vehicle became stranded in 3 feet of water in suburban Detroit, after heavy rain across southeastern Michigan left many roads impassable. Fearing more motorists could become stranded a day after a storm dumped more than …

Combined Group Launches Admitted Drycleaner Insurance Program

Combined Group, a wholesaler of commercial insurance based in Dallas, has released a new exclusive insurance program available for drycleaners, drycleaner plants, drycleaner receiving stations, commercial launderers, linen suppliers, uniform rental firms, coin-operated laundromats, self-service laundromats & washaterias. Combined Group’s …

CPro Associates Spin-Off Concentrating on Commercial Insurance Business

Dallas-based CPro Associates has spun off its binding authority and programs unit as a new company, B&H Risk Services Inc., headed by William E. Buckley. Buckley joined CPro in late 2013 to form and develop the new business unit. B&H focuses …

Philadelphia Launches Commercial Excess Flood Coverage

Philadelphia Insurance Cos. (PHLY) is now offering commercial excess flood coverage to complement its commercial primary flood product. PHLY’s new excess coverage competitively priced and available at limits higher than the National Flood Insurance Program (NFIP) for businesses. Through PHLY’s …

Schinnerer Adds Private Company Management Liability Program

Underwriting manager Victor O. Schinnerer & Co. has launched a private company management liability program. The private company program is offered to a range of eligible industries with up to $1 billion in total assets. The program, offered on admitted …