Commercial Auto News
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Reliable Transportation Association Launches Lloyd’s Backed Physical Damage Program for Commercial Auto
Aug 6 2025 // New Physical Damage coverage now available in Pennsylvania, Ohio, New Jersey, Illinois, California, and Texas; Georgia, Florida, and additional states to follow. Warminster, PA., August 5, 2025 — Reliable...
Commercial Auto MGA Cover Whale Obtains $40M Equity Financing
Jul 30 2025 // Cover Whale Insurance Solutions, Inc., a managing general agency (MGA) focused on commercial auto isurance, announced $40 million in new equity financing from Morgan Stanley Expansion Capital. Founded in 2020, Cover...
NYC Mayor Adams Signs Bill Lowering For-Hire Vehicles’ Insurance Mandate
Jul 2 2025 // New York City Mayor Eric Adams has signed into law legislation reducing the auto insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or...
NYC Council Passes Bill to Lower Insurance Limits for For-Hire Vehicles
Jun 13 2025 // With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles’ insurance requirement in hopes of lowering premiums and...
NCDOI Fines Builders Mutual for Repeat Violations in Commercial Auto
May 22 2025 // Builders Mutual Insurance and its subsidiary, Builders Premier, have agreed to pay a $39,000 penalty after a North Carolina market conduct examination again found issues with producer licensing, nonrenewals and subrogation...
Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?
Feb 11 2025 // The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from $200,000 to $50,000 per...
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