Chicago, IL, June 21, 2016 – Prime Property and Casualty Insurance Inc. (“PPCI”) has rolled into the Florida commercial auto market as a bold new admitted carrier specializing in insurance solutions for distressed and substandard risks. With PPCI, producers now have an insurance carrier to write their most difficult commercial auto risks and expand their book of business. PPCI offers the capacity to insure any commercial auto risk class with adverse account experiences such as unsatisfactory loss experience, poor driving records or lack of insurance history. PPCI’s partnership approach, based on customized underwriting, extraordinary claims handling and risk management, produces outstanding results for our partners. PPCI will be the difference between producers keeping clients in business as opposed to having them close their doors.
The Florida Department of Transportation reported that in 2015 the state had 19.7 million registered vehicles and 16 million licensed drivers making it one of the country’s largest commercial auto markets. Among these are many commercial auto owners, employers and operators who need to insure their vehicles and drivers and are having tremendous difficulty obtaining insurance due to imperfect histories or atypical business arrangements. “Producers have been frustrated by their inability to meet the needs of clients and have been lobbying the Florida Office of Insurance Regulation for a market for their very hard-to-place commercial automobile business. PPCI provides exactly that market,” said Rick J. Lindsey, President and CEO of PPCI. Unlike other insurance providers, PPCI delivers coverage solutions to the entire spectrum of commercial auto risk classes including trucking, taxi cabs and towing operations despite circumstances like adverse loss experiences, poor SAFER scores, hazardous cargo, prior insurance cancelations and more. Producers now have an insurance carrier with the stability, expertise and risk appetite to place their most difficult commercial auto liability risks.
PPCI distinguishes itself by handling claims “in-house” through its Claims Direct Access (“CDA”) service. CDA is committed to thorough and cost effective resolutions, having successfully resolved over 60,000 property and casualty claims and lawsuits. CDA is dedicated to handling and resolving every claim efficiently, with an in-house legal team to take charge of discovery and investigation, managing time and expenses, and providing quality communication regarding the disposition of the claim.
Producers will discover that the guiding principal of PPCI is partnership. PPCI emphasizes that building trusted relationships is the foundation for growth and success. A close working collaboration with our partners yields tremendous benefits in advancing the mutual interests of parties involved. For producers, PPCI provides a stable and expansive market to place distressed and specialty commercial auto risks that expand prospects for a broader book of business and increased growth. As a result, individuals and businesses with imperfect histories are given the insurance coverage and support they need. When you find the right partners, a new spectrum of opportunity emerges for generating increased business and satisfied clients.
Presently, PPCI writes commercial auto in Illinois, Nevada and Florida.
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