Classic Car News
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PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion
Oct 31 2025 // Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in...
Markets/Coverages: The Hanover, Hagerty Partner to Provide Collector Car Protection
Apr 10 2025 // The Hanover Insurance Group announced a collaboration with Hagerty to provide specialized insurance for classic cars. Hanover Collector Car, powered by Hagerty, combines the total account protection The Hanover is known...
Collectors Feel Relief as Classic Cars Evade Trump’s Auto Tariffs
Apr 8 2025 // President Donald Trump’s sweeping tariff plan has rocked global markets. But one turgid addendum issued by US Customs and Border Protection just after his April 2 tariff pronouncement provided relief for those in the...
Rising US Auto Insurance Rates Are Disproportionately Hurting Classic Car Owners:
Jan 8 2025 // The Meteoric Rise in U.S. Auto Insurance Rates is Being Subsidized by Collector Car Owners According to Classic & Collector Insurer OpenRoad Standard auto insurers continue their efforts to recover from the...
Collector Vehicle Insurer OpenRoad to Launch in Four Midwest States
Jul 11 2024 // New classic and modern collector vehicle insurer, OpenRoad, has announced it will begin offering coverage across select U.S. states on Monday, July 15, 2024. OpenRoad will be centered around Midwest states with coverage...
Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market
May 21 2024 // Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this...
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