Latest Commercial Auto Headlines
All the headlines from our Commercial Auto Topic Page, ordered by recency.
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Feb 24 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance
Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
New York Man Charged with Murdering Woman in Murder-for-Hire Scheme
Nov 18 2021 // A Queens, New York, man has been charged with murdering a woman for life insurance benefits. A superseding indictment was filed in federal court in Brooklyn charging Cory Martin with murder-for-hire and conspiracy to...
Commercial Auto Insurers Improved Results in 2020: AM Best
Nov 15 2021 // The U.S. commercial auto insurance market turned in results for 2020 that were the best it has seen in several years, although it still did not achieve an underwriting profit. Despite several years of price increases and...
EU Cybersecurity Agency Warns of Threat From Hackers-for-Hire
Oct 28 2021 // Hackers-for-hire emerged as the biggest threat to online security in the last 15 months, with the COVID-19 pandemic and home working creating opportunities for cybercriminals, EU cybersecurity agency ENISA said in its...
Commercial Auto Insurance Profitability Still Way Down the Road: S&P
Sep 20 2021 // U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings...
Dutch Court Rules Uber Drivers Are Taxi Employees, Not Contractors
Sep 13 2021 // Uber drivers are employees entitled to greater workers’ rights under local labor laws, a Dutch court ruled on Monday, handing a setback to the U.S. company’s European business model. It was another court...
Commercial Auto Insurance Profitability Still Way Down the Road: S&P
Sep 8 2021 // U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings...
Amazon’s Solution to Delivery Driver Shortage: Recruit Pot Smokers
Sep 3 2021 // Amazon.com Inc. has a solution for a potentially crippling shortage of delivery drivers: Recruit pot smokers. The company is advising its delivery partners — the mom and pops that operate the ubiquitous blue Amazon...
Texas Takes 1.6K Commercial Vehicles Off the Road After International Roadcheck
Aug 19 2021 // Texas public safety officials said on Aug. 18 that an inspection of 6,288 commercial motor vehicles in the state resulted in more than 1,000 citations, over 18,500 warnings and more than 1,600 vehicles taken out of service...
Flying Taxi Maker Archer Countersues Rival Wisk for $1B Over Trade Secret Accusations
Aug 12 2021 // Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page’s Kitty Hawk Corp., according to a court filing, raising the stakes in...
New Hampshire State Police Discover 100-Plus Commercial Vehicle Violations
Aug 3 2021 // The New Hampshire State Police discovered 189 commercial vehicle violations following a day-long focus on safety. Police said 42 of the violations discovered were so severe that they created a condition where the vehicle...
Texas Senate Passes Commercial Auto Tort Reform Bill
May 21 2021 // 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 commercial auto...
Europe’s Aviation Regulator Says Flying Taxis Could Be Airborne by 2024 or 2025
May 21 2021 // PARIS – Europe could see the first flying taxis enter service as early as 2024, the region’s top aviation regulator said on Wednesday. More than half a dozen European firms have announced developments of Urban Air...
Trial Operations of Flying Taxis, Cargo Drones Will Begin in England This Year
May 20 2021 // Trial operations of flying taxis and cargo drones will begin in Coventry, England, before the end of the year as part of a plan to develop “aerial roads” for unmanned flights in urban areas. The project, backed...
Texas Commercial Vehicle Crash Liability Bill Advances in Senate
May 18 2021 // People affected by crashes causing bodily injury or death involving commercial motor vehicles would find it harder to win damages from companies under a bill that was approved by the Texas House and is making its way...
Commercial Auto Insurance Business on Road to Break-Even in 2021: Fitch
May 13 2021 // The commercial auto insurance segment posted its best underwriting result in a decade in 2020, thanks to continued big rate increases and a big drop in driving due to the coronavirus pandemic. According to a Fitch Ratings...
Commercial Vehicle Accident Lawsuits Target of Texas Legislation
Apr 5 2021 // A pair of companion bills have been introduced in the Texas House and Senate that proponents say are aimed at providing consistency and uniformity in civil actions involving commercial vehicle accidents. Opponents, on the...
Battle Brews over Texas Bills Aimed at Commercial Vehicle Accident Lawsuits
Mar 25 2021 // A battle is brewing between trucking and insurance industry interests and trial lawyers in Texas over a pair of companion bills introduced in the Texas House and Senate that proponents say are aimed at providing...
