commercial auto insurance News

Texas’ Oil Boom Counties See Rise in Traffic Deaths

Vehicle crash deaths are significantly up in parts of Texas where oil and gas production is booming the most. The Houston Chronicle reports that deaths rose more than 50 percent in the West Texas counties located on the Permian Basin. …

GEICO Lowers Commercial Auto Rates in Virginia

GEICO is introducing lower rates in Virginia for commercial auto insurance customers, including contractors, retailers, caterers, professional services and other businesses. Small business owners in particular need commercial vehicle insurance packages to cover their cars, trucks and vans used on …

Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State

The share-and-share-alike attitude considered a virtue by some has the potential to create a rift between between ridesharing companies and insurance companies. “We try not to make it a battle,” said Robert Passmore, senior director of personal lines for the …

Commercial Auto Insurers Still Struggle to Profit: Fitch

Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a special report, “Commercial Auto …