American Transit Insurance Co. News

New York City Cab Crash Sends Rider on ‘Nightmare’ to Get Insurance Money

Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two parked cars in Queens — after the driver lost control of his Toyota while trying to clear a fly or …

Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses

New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition. The report laid out dozens of potential financial improprieties and accounting problems at …

New York Regulator Orders Taxi Insurer to Weigh Sale After Losses

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 improprieties and accounting problems, warning that the consequences …

New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown

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 it’s vital to how New Yorkers …

Uber Sues Drivers’ Insurer Alleging Its Claims Practices Have Fueled Tort Litigation

Uber Technologies last Friday sued its drivers’ auto insurer for defense and indemnification regarding multiple lawsuits that are seeking to hold Uber vicariously liable for accidents involving some of its drivers in New York. Uber’s complaint cites 23 lawsuits that …