Commercial Auto News
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Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto
Jan 10 2023 // Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the first half of 2023—including a predicted “buyer’s market” for...
Michigan’s Ford Credit Company to Launch Commercial Vehicle Insurance
Dec 1 2022 // Michigan-based Ford Credit announced plans to launch Ford Pro Insure, a new commercial auto insurance product powered by Pie Insurance. “Ford Pro customers have come to expect a complete set of products and services...
Electric Air Taxi Company Archer Plans $118M Georgia Factory
Nov 23 2022 // A California company seeking to build small electric aircraft says it will invest $118 million to construct a plant near Atlanta, eventually hiring up to 1,000 people. Archer Aviation, based in Santa Clara, California,...
U.S. Proposes Rules to Advance Flying Taxi Operations
Nov 21 2022 // The U.S. Federal Aviation Administration (FAA) on Monday proposed new rules that would help pave the way for commercial air taxi operations by around the middle of the decade. Electric vertical takeoff and landing aircraft...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker
Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey. All Trans is a...
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