trucking insurance News

CRC, Pan-American to Offer Workers’ Comp to Trucking Industry

A new partnership between specialty wholesaler CRC Group, 5Star Specialty Programs and life insurer subsidiary Pan-American Benefit Solutions (PABS), will focus on offering workers’ compensation coverage for the trucking industry. The offering is part of PABS’s capacity expansion to writing …

Progressive to Buy Transportation Insurer Protective for $338 Million

The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake in the commercial lines insurance market. Progressive has agreed to pay $23.30 per share in cash, for a total transaction …

McGriff Launches On-Demand Excess Liability Product for Freight Brokers

McGriff has launched a new product that gives freight brokers the ability to purchase excess auto liability coverage online. TripExcess is a per-shipment excess liability product that will allow shippers, 3PL/brokers and motor carriers to maintain a required $2 million …

Cover Whale Expands Trucking Offering to Include Fleets

Cover Whale, an insurtech with a specialty niche in the trucking and transportation segment, has expanded its trucking insurance products to include a fleet insurance program. Fleet managers and select insurance brokers now have access to the Cover Whale online …

XPT Group, Watford Insurance Launch Trucking Program for Underserved Risks

W.E. Love & Associates, LLC, a subsidiary of XPT Group LLC, has launched a new Platinum Trucking program with Watford Insurance Co. to offer coverages for high-quality, experienced trucking firms that just miss being considered “prime” risks. According to John …

New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market

The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low truck supply and the rising …

Seeman Holtz Acquires Agency Acquisitions LLC in Texas

Seeman Holtz Property & Casualty Inc. has acquired Agency Acquisitions LLC, headquartered in Arlington, Texas. Agency Acquisitions specializes in trucking insurance. Seeman Holtz said the acquisition will add a niche service to its portfolio and broaden its client reach throughout …

Transportation Insurer National Interstate Promotes Skuggen, Adds AIG’s Blankenship

National Interstate Insurance Co. announced the promotion of George Skuggen to senior vice president and the hiring of Steve Blankenship as vice president, Passenger Transportation. In his new role, Skuggen will oversee National Interstate’s Truck and Environmental, National Accounts and …

RLI’s Dunn Named Carolina Casualty CEO

W. R. Berkley Corp. has appointed David A. Dunn as president and chief executive officer of its trucking insurance specialist, Carolina Casualty. Dunn has 40 years of experience in the property/casualty insurance industry, principally in the specialty transportation segment. Most …

TUMI Launches Local & Intermediate Trucking Program

Trinity Underwriting Managers, Inc. (TUMI), a Georgia based program administrator, has established a local and intermediate trucking program. This product is underwritten on behalf of an ‘A’ rated carrier and is backed by two ‘A+’ rated reinsurers. Target risks will …