Latest Commercial Auto Headlines
All the headlines from our Commercial Auto Topic Page, ordered by recency.
New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
Sep 5 2024 // New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial...
New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
Sep 4 2024 // In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but...
Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker
Aug 30 2024 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since...
Charter Bus Carrying Baseball Team Catches Fire in Iowa; No One Hurt
Aug 5 2024 // A charter bus caught fire early Friday as it was transporting a professional baseball team from Iowa to a game in a Chicago suburb. Members of the Sioux City Explorers made it off the bus safely, although several lost...
Southwest Airlines, Archer Aviation to Develop Plans for Flying Air Taxis in California
Jul 19 2024 // Southwest Airlines and Archer Aviation said Friday they have agreed to develop operational plans for electric air taxi networks at California airports where the Texas-based airline operates. The companies said they have...
Commercial Auto Insurance Profit Struggles Continue
Jul 15 2024 // The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has...
Takeaways from Our Conversation on Commercial Auto, Telematics and Cannabis
Apr 22 2024 // Powered by InsuranceJournal.tv Commercial auto is a tough topic in any business segment, but it’s tougher still for cannabis businesses. For our latest podcast, we spoke with Griffen Kapulica, broker relationship...
Georgia Bill Requiring Boat Livery Insurance Waiting on Governor’s Signature
Apr 15 2024 // Boat operators, not properly insured boat rental places, will soon be held liable for injuries or damages caused by negligent operation of water craft if Georgia Gov. Brian Kemp signs a bill into law. House Bill 994 was...
Arrowhead Launching Commercial Auto Product in California
Apr 5 2024 // Arrowhead General Insurance Agency Inc. in California launched a new commercial auto product. Arrowhead’s Commercial Auto is available to California customers in construction-related industries. The program includes:...
Uber Pays Australian Taxi Drivers $178 Million in Settlement
Mar 18 2024 // Uber agreed to pay A$271.8 million ($178 million) to compensate thousands of taxi drivers in Australia who claimed they lost income when the ride-share company entered the local market. Uber Technologies Inc. settled the...
New York Fund for Injured Limo Drivers Wins Surcharge Fight
Jan 22 2024 // The New York workers’ compensation fund for black car drivers was within its authority to impose a 2.5% surcharge on noncash tips that passengers paid to drivers, a three-justice panel of the Second Circuit Court of...
Mississippi Delivery Driver Sues FedEx, This Time in State Court, After Shooting Incident
Dec 1 2023 // JACKSON, Miss. (AP) — A Black former delivery driver in Mississippi who says two white men shot into his work van and then pursued him in a high-speed chase last year has filed a new lawsuit against the men and his...
New York Governor Hochul Proposes Limousine Safety Bill
Nov 17 2023 // New York Governor Kathy Hochul announced a legislative proposal to improve safety within the limousine industry. The bill includes provisions requiring that stretch limousines be equipped with enhanced safety features and...
Charter Bus Collision With Semi-Truck Leaves 3 Dead, 15 Injured in Ohio
Nov 15 2023 // ETNA, Ohio (AP) – A charter bus carrying students from a high school was rear- ended by a semi-truck on an Ohio highway Tuesday morning, leaving three people dead and 15 others injured, according to an emergency...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit: AM Best Report
Nov 6 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...
Study: Most Commercial Auto Insurance Businesses Researching Telematics
Oct 12 2023 // Approximately 78% of commercial auto insurers are in the research phase of preparing for usage-based insurance (UBI) products, according to a new report from The National Alliance for Insurance Education and Research and...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit
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...
INSHUR Partners with Uber on Insurance Products for On-Demand Livery Drivers in Arizona
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...
3 Killed After Charter Bus Collides with Vehicle in Pennsylvania
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...
French, UK Cyber Watchdogs Say Hackers-for-Hire Are Targeting Law Firms
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...
