AM Best has downgraded the Financial Strength Rating to C+ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b-” from “bb-” of Echelon Property & Casualty Insurance Co. (Echelon), based in Chicago. The ratings outlook is negative. …
Car-sharing startup Turo Inc. is returning to New York, seven years after leaving the state that was once its biggest market over a dispute with regulators about insurance rules. Turo, which allows vehicle owners to put their personal cars up …
Despite the warning signs and flashing lights, trucks just can’t seem to stop hitting a Kansas City, Missouri, overpass. The Kansas City Star reports that the bridge on Independence Avenue is struck so often that it has its own satirical …
Texas transportation officials report that the number of traffic crashes in the energy-producing regions of Texas continues to rise. Last year, there were more than 205,000 crashes in counties defined as the Texas energy sector by the Texas Railroad Commission …
Authorities say an Uber driver has been arrested for allegedly firing a gun and injuring one of his passengers following an argument. Maricopa County Sheriff’s officials say 60-year-old Peter Caso was booked into jail on suspicion of aggravated assault with …
The paternal grandparents of a 10-year-old Kansas girl killed in a crash last week are suing the truck driver involved in the collision, along with his employer. The Wichita Eagle reports that Mark and Carrie Brady are seeking damages in …
One claim dispute I was involved with I refer to in seminars as “The Unimpeachable Case of What ‘Are’ Is.” It illustrates how a single word, even the tense of a verb, in a policy form can make all the …
An 18-year-old can’t buy a beer in most U.S. states, but pretty soon he or she may be able to drive a commercial truck across state lines — and that has safety advocates alarmed. The Federal Motor Carrier Safety Administration …
A construction worker was struck and killed by a commercial truck along a highway in Wisconsin’s Columbia County, according to sheriff’s officials. The 29-year-old man was working in a construction zone on Highway 151 near Columbus Monday when he was …
With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for improvement,” Fitch Ratings reports. But improvement isn’t …
