commercial auto insurance News

Oklahoma House Passes Bill Changing Commercial Driver’s License Renewal Process

A bill shifting renewal of commercial driver’s licenses (CDLs) from offices of the Dept. of Motor Vehicles to local tag agencies passed the Oklahoma House of Representatives this afternoon. House Bill 1966 was authored by Rep. Dell Kerbs (R-Shawnee). Kerbs, …

Rate Increases Approved for Texas Auto Insurer for Residual Market

Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA). The Texas Department of Insurance granted TAIPA’s filing for a 4.9% increase private passenger rates and a …

James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber

Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its largest client. A.M Best said the Financial Strength Rating of …

How Businesses Can Limit Costs of Work-Related Crashes

Work-related motor vehicle crashes cost employers $56.7 billion in 2017, according to a report by a Boston-based vehicle management and reimbursement platform that offers ways employers ways to limit the costs of accidents. The firm, Motus, estimates that about 40 …

Texas’ QEO Group to Write Commercial Auto with Clear Blue Insurance Group

Irving, Texas-based QEO Group LLC (QEO) and Clear Blue Financial Holdings LLC (Clear Blue), headquartered in North Carolina, have agreed to a long-term, exclusive relationship for QEO to write its commercial automobile insurance program on Clear Blue’s carriers, Clear Blue …

Starr Cos. Now Offers Commercial Auto Coverages in Canada

Starr Cos. announced it has introduced commercial primary auto coverages in all provinces and territories in Canada. “This allows Starr to better support our primary general liability accounts by offering commercial auto to our insureds,” stated Hano Pak the chief …

Census: Work-Related Deaths Increase in Arkansas

A recent census shows a majority of Arkansas’ work-related deaths in 2015 were linked to transportation. The Arkansas Department of Labor’s census shows the state had 74 work-related deaths in 2015. That is up from 67 the previous year. More …

NTSB Investigating Texas Bus Crash That Left 8 Dead, 44 Hurt

Federal authorities are investigating a charter bus crash in far South Texas that killed eight people and injured 44 more in a single-vehicle rollover, officials said. Seven people died at the scene Saturday morning, May 14, on U.S. Highway 83, …

Valen Analytics Releases Risk Scoring Model for Commercial Auto Insurers

Valen Analytics, a provider of proprietary data, analytics and predictive modeling for property and casualty insurers, has launched Risk Score for commercial auto insurance within its InsureRight Platform. The predictive models offer underwriters the ability to look into risk selection …

Chicago Taxis Aim to Counter Ride-Hailing Industry with Apps

Chicago’s taxicab industry has rolled out two official ride-hailing apps to compete with the likes of Uber and Lyft. The department that regulates Chicago’s taxi industry announced a marketing campaign to publicize the apps, Arro and Curb. The city chose …