Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the company’s largest markets unable to insure their vehicles. Uber …
The New York City Council will introduce legislation this week that would drastically reduce the amount of insurance coverage taxi and ride-share vehicles are required to maintain, looking to contain potential fallout from the insolvency of the city’s largest taxi …
A newly released report on a fatal crash involving a pickup truck and a group of cyclists last year near Phoenix, Ariona, casts doubt about the driver’s claim that the vehicle’s steering locked up. The National Transportation Safety Board released …
Uber and one of its New York drivers who failed to pull within a foot of the curb when picking up a passenger must face a negligence lawsuit after all. A lower court had dismissed the negligence suit against Uber …
For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM Best, costs …
Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing that will help accelerate its launch into the commercial auto insurance market. ILS Capital is behind the seed round. The …
The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the …
Bold Penguin, a commercial insurance technology provider, has added Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering launched in March 2020. This integration allows users of Bold Penguin’s platform access …
Buckle, an insurtech startup focused on rideshare insurance, has acquired Gateway Insurance Co., a subsidiary of Schaumburg, Illinois-based Atlas Financial Holdings, for an undisclosed price. The move allows Buckle to expand its commercial auto coverage capacity and reach via a …
Louisiana’s chief insurance regulator wants insurers to consider offering premium relief to their commercial auto insurance customers due to the impact of the Coronavirus pandemic. Insurance Commissioner Jim Donelon has called on insurers to consider returning a percentage of premium …
