Latest Commercial Auto Headlines
All the headlines from our Commercial Auto Topic Page, ordered by recency.
Commercial Auto Forecast Improves, But Not Much: A.M. Best
Apr 15 2019 // A.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken...
Commercial Auto Market Should Improve This Year But Not a Lot: A.M. Best
Apr 4 2019 // A.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken...
Lawyers Blame Act of God, Lack of Seatbelts for New York Limo Crash
Mar 7 2019 // Lawyers for the operators of a limousine that crashed and killed 20 people in upstate New York say the deaths could have been caused by an act of God or the passengers’ failure to wear seat belts. The Times Union...
Drivers Get $750K Settlement in Dispute with Connecticut Limo Company
Mar 4 2019 // A limousine company dispute in Connecticut has resulted in a $750,000 settlement for 23 current and former drivers. The Connecticut Law Tribune reports that drivers for Connecticut Limousine recently agreed to settle their...
Cuomo Drops Proposal to Ban All Modified Stretch Limos in New York
Feb 27 2019 // New York Governor Andrew Cuomo is dropping a proposal to ban all modified stretch limousines, an idea prompted by last fall’s crash that killed 20 people. The Times Union of Albany reports that the provision was...
Federal Preliminary Report on New York Limo Crash Offers No Cause Yet
Feb 13 2019 // The National Transportation Safety Board’s probe of a fatal limousine crash in upstate New York has not yet identified a cause, according to a preliminary report released Monday, after weeks of wrangling between...
An Old Dog Up to New Tricks
Feb 4 2019 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the past 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Judge Seeks to End Standoff Over NTSB Access to Crashed Limo in New York
Jan 30 2019 // Federal safety inspectors went to court to remove a roadblock in their investigation of a limousine crash that killed 20 people nearly four months ago. Schoharie County Judge George Bartlett heard arguments Tuesday over...
Prime Property & Casualty Insurance Enters Kentucky Commercial Auto Market
Jan 29 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kentucky commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI offers the capacity...
Cuomo Proposes Banning Stretch Limos from New York Roads
Jan 17 2019 // New York Governor Andrew Cuomo proposed banning stretch limousines from the state’s roads as part of a safety crackdown on large for-hire passenger vehicles following the deadliest U.S. transportation accident in...
Feds to Examine Crashed Limo Three Months After Fatal New York Wreck
Jan 14 2019 // Federal investigators say they may recall employees furloughed under the government shutdown to start examining a limousine that crashed in upstate New York three months ago, killing 20 people. The National Transportation...
Commercial Auto: An Old Dog Up to New Tricks
Dec 28 2018 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Feds Upset Over Lack of Access to Limo in Fatal New York Wreck
Dec 27 2018 // The National Transportation Safety Board told a New York prosecutor she has hampered the agency’s efforts to determine the cause of the limousine crash that killed 20 people in her rural upstate county, the...
5Star Specialty to Assume Distribution of Protective Insurance’s Public Auto Offering
Dec 14 2018 // Transportation industry insurer Protective Insurance Co. and 5Star Specialty Programs have expanded their partnership in the public auto market, a move that means 5Star will be Protective’s sole distribution source...
Georgia Claims Uber Owes State $22M in Sales Taxes, Other Charges
Dec 10 2018 // Uber could owe tens of millions of dollars to Georgia if the state is successful in a legal battle. The Georgia Department of Revenue has billed Uber $22.1 million for sales taxes and other charges that it maintains are...
Waymo Self-Driving, Fare-Generating Taxis Hit the Road in Arizona
Dec 5 2018 // Alphabet’s Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, the company has...
Charter Bus Crashes in Arkansas; 1 Child Dead, 45 Hurt
Dec 4 2018 // One child was killed and at least 45 other people were injured when a charter bus carrying a youth football team from Tennessee rolled off an interstate off-ramp and overturned before sunrise Monday in central Arkansas,...
Lawsuit Filed Against Operators of Limo in Fatal New York Crash
Nov 26 2018 // The operators of a limousine that crashed and killed 20 people in upstate New York were grossly negligent in putting the “dangerous and defective” vehicle on the road, according to a lawsuit filed by one of the...
Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?
Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...
What’s Happening and What Lies Ahead for P/C Insurance Pricing: Moody’s
Oct 30 2018 // The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates...
