Latest Commercial Auto Headlines
All the headlines from our Commercial Auto Topic Page, ordered by recency.
Autonomous Deliveries Will Likely Catch on Before Taxis, Says Waymo CEO
Oct 29 2019 // True driverless cars have arrived from Waymo, the self-driving unit of Alphabet Inc., but the company’s chief executive officer says robot ride hailing may not be the first form of automotive autonomy to take off...
Profit Lessons in Commercial Auto, Workers Comp and Other Business
Oct 25 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy...
Prosecutor Says Repair Shop Billing Not to Blame for New York Limo Crash
Oct 18 2019 // A prosecutor says improperly billed brake work had nothing to do with the catastrophic brake failure on a stretch limousine that crashed and killed 20 people in rural upstate New York. District Attorney Susan Mallery said...
James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber
Oct 18 2019 // Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its largest client. A.M Best...
New York Limousine Crash Victims’ Relatives Call for Stronger Regulations
Oct 7 2019 // Relatives of some of the 20 people killed in an upstate New York stretch limousine crash urged quick action on safety legislation Thursday so other families won’t have to endure the grief they have carried for the...
NTSB Calls for National Safety Standards for Limousines Following New York Crash
Oct 3 2019 // The National Transportation Safety Board on Wednesday called for new national requirements for seating and seat belt systems on limousines, citing evidence gathered in investigations of accidents in New York, Illinois and...
Fairmatic Bets On Driver-Driven Premium Adjustments to Score in Commercial Auto
Sep 17 2019 // Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors. Fairmatic’s...
Uber, Lyft Balk at Revealing Contracted Drivers’ Names; Claim ‘Trade Secrets’
Sep 4 2019 // Uber Technologies Inc. and Lyft Inc. have argued to Chicago city officials that the names of their drivers should be treated as “trade secrets,” and should not be released because competitors could use the...
Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market
Aug 29 2019 // The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of...
When Insurance Companies Fail at the Promise
Aug 28 2019 // I read an article last week about the intersection of gig work, an innocent injured party, insurance, and big business. Let me summarize the best I can. A driver is in traffic and is suddenly hit by another driver, who was...
Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch
Aug 27 2019 // U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive...
Berkshire Hathaway GUARD Expands Commercial Auto into Delaware, Kentucky, D.C.
Jul 19 2019 // Berkshire Hathaway GUARD Insurance Companies have expanded its commercial automobile product into Delaware, Kentucky, and the District of Columbia. The company’s policy is designed for local and intermediate travel...
Motorbike Taxi Firms to Offer E-payment, Insurance Services in West Africa
Jun 12 2019 // Motorcycle taxi companies are expanding in West Africa with backing from investors betting that the meteoric rise of two-wheeled taxi firms in Asia can be replicated in some of the fastest growing countries in the...
New York Senate Passes New Limo Safety Rules Following Fatal Crash
Jun 10 2019 // The New York Senate approved new safety regulations Thursday for limousines, following an upstate crash that killed 20 people last fall. The nine bills endorsed Thursday include provisions that would require large stretch...
Prime Property & Casualty Enters Kansas Commercial Auto Market
Jun 6 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kansas commercial auto insurance market as an admitted carrier specializing in distressed and substandard risks. With PPCI, producers now have an...
Report Says Many New York City Uber, Lyft Drivers Fail to Respond to Recalls
May 23 2019 // One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn’t necessarily a safer...
Charter Bus Collision in Florida Injures 34
May 22 2019 // Authorities say two charter buses carrying Florida children with learning disabilities crashed, sending 34 people to a hospital with minor injuries. The Tampa Bay Times reports 91 children and seven adults were traveling...
Prosecutor Says Limo Company Operator Knew of Vehicle Problems in New York Crash
May 17 2019 // Prosecutors say the limousine company operator charged in connection with an upstate New York crash that killed 20 people was aware of prior passenger complaints about the ill-fated vehicle and had even refunded fares. In...
Jet-Powered Flying Taxi Completes Debut Flight Near Munich
May 17 2019 // The world’s first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight. German startup Lilium aims to have a fleet of the five-seat aircraft — which can...
Waymo’s Autonomous Taxi Service Picks Up 1,000th Customer After 6 Months
May 10 2019 // The first major self-driving taxi service needed six months to reach 1,000 customers, another sign that growth may be slow as companies try to build businesses around autonomous vehicles. Waymo, the self-driving project...
