AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021? October 12, 2022 By Chad Hemenway For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021,...
MGA Pouch Debuts With ILS Capital Backing, Telematics for Small Commercial Fleets May 13, 2021 By Mark Hollmer Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing...
U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best June 30, 2020 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...
Bold Penguin Partners with Ohio’s State Auto on Commercial Insurance June 19, 2020 Bold Penguin, a commercial insurance technology provider, has added Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its...
Insurtech Buckle Acquires Atlas Financial’s Commercial Auto Subsidiary, Gateway June 17, 2020 Buckle, an insurtech startup focused on rideshare insurance, has acquired Gateway Insurance Co., a subsidiary of Schaumburg, Illinois-based Atlas Financial...
Louisiana’s Donelon Asks Commercial Auto Insurers to Offer COVID-19 Relief May 6, 2020 Louisiana’s chief insurance regulator wants insurers to consider offering premium relief to their commercial auto insurance customers due to the...
Oklahoma House Passes Bill Changing Commercial Driver’s License Renewal Process March 11, 2020 A bill shifting renewal of commercial driver’s licenses (CDLs) from offices of the Dept. of Motor Vehicles to local tag...
Rate Increases Approved for Texas Auto Insurer for Residual Market November 12, 2019 Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance...
James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber October 18, 2019 By Andrew G. Simpson Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be...
How Businesses Can Limit Costs of Work-Related Crashes June 19, 2018 By Denise Johnson Work-related motor vehicle crashes cost employers $56.7 billion in 2017, according to a report by a Boston-based vehicle management and...