Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. The U.S. 11th Circuit Court of Appeals …
Harish Kapur, CEO of Across America Insurance Services, likes to tell the story of how his company’s chief defense lawyer became fed up with Kapur’s frequent requests for lower settlements on claims disputes. “He fired us. He literally fired us,” …
Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not act in …
Seven years after he was named president and CEO of transportation insurer Canal Insurance, Paul Brocklebank has an additional title to his name – chairman of the board of the Greenville, South Carolina, company. The move comes after several years …
Insurtechs Cover Whale and Aon’s CoverWallet said they have partnered on providing commercial trucking insurance. The collaboration brings together Cover Whale’s trucking insurance capacity with CoverWallet’s distribution strengths. Cover Whale will offer its advanced telematics and proprietary quoting and binding …
Nashville-based trucking company Yellow Corp., just shy of its 100th birthday, has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing …
High Definition Vehicle Insurance, a commercial auto insurance provider, launched its insurance products for commercial trucking fleets in Oklahoma, effective July 1. HDVI used approximately 3.5 billion miles of telematics data to build a proprietary risk model, the company said. …
High Definition Vehicle Insurance has expanded its service to Arkansas and Missouri. According to the Arkansas Trucking Association, 87% of communities in Arkansas depend exclusively on trucks to transport their goods, and the Missouri Trucking Association reports more than 70% …
Fundamental Underwriters, a specialty managing general underwriter, announced today that it would expand its mid-market commercial trucking insurance product offerings into three additional states – Louisiana, Michigan and Wisconsin. This announcement reflects the continued growth of Fundamental Underwriter’s footprint which …
Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance program. Cover Whale offers underwriting and data tracking via its proprietary …
