Best Read Commercial Auto Headlines
Headlines from our Commercial Auto Topic Page with the most time spent reading.
#1 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...
#2 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...
#3 Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS
Oct 28 2024 // Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net...
#4 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...
#5 FAA Finalizes Pilot Training, Certification Rules for Air Taxis
Oct 23 2024 // The Federal Aviation Administration on Tuesday finalized comprehensive training and pilot certification rules for flying air taxis, addressing a key hurdle to the deployment of electric vertical takeoff and landing...
#6 Uber Warns NYC Response to Insolvent Taxi Insurer Exposes Drivers
Dec 11 2024 // Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the...
#7 Troubled New York Taxi Insurer Sues 180 Providers in Huge No-Fault Fraud Case
Dec 17 2024 // New York’s largest taxi insurer that is facing serious financial and regulatory challenges has filed a lawsuit seeking more than $450 million against medical providers it alleges have been part of a huge fraud scheme...
#8 New York Considers Making Property Insurers Cover Taxi Claims Losses
Dec 12 2024 // New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several...
#9 New York Proposes Plan to Stabilize Broken Taxi Insurance Market
Jan 22 2025 // New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co. Two of the...
#10 NYC Council Passes Bill to Lower Insurance Limits for For-Hire Vehicles
Jun 13 2025 // With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles’ insurance requirement in hopes of lowering premiums and...
#11 Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?
Feb 11 2025 // The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from $200,000 to $50,000 per...
#12 2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023
Nov 14 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives,...
#13 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...
#14 NCDOI Fines Builders Mutual for Repeat Violations in Commercial Auto
May 22 2025 // Builders Mutual Insurance and its subsidiary, Builders Premier, have agreed to pay a $39,000 penalty after a North Carolina market conduct examination again found issues with producer licensing, nonrenewals and subrogation...
#15 NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules
Jan 27 2025 // New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the...
#16 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...
