Chicago, IL, June 24, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) has announced its debut into the Commonwealth of Massachusetts commercial auto market as an admitted carrier specializing in insurance solutions for distressed and substandard risks. With PPCI, producers now have an insurance company to write commercial auto risks and expand their book of business. PPCI offers the capacity to insure any commercial auto risk class with adverse account experiences such as unsatisfactory loss experience, poor driving records or lack of insurance history. PPCI’s partnership approach, based on customized underwriting, extraordinary claims handling and risk management, produces outstanding results for producers and insureds.
Commercial auto owners, employers and operators who need to insure their vehicles and drivers are having tremendous difficulty obtaining insurance due to imperfect histories or atypical business arrangements. “Producers have been frustrated by their inability to meet the needs of clients about offering a market for difficult risks to the commercial auto marketplace. PPCI provides exactly that market” said Rick J. Lindsey, President and CEO of PPCI. Unlike other insurance providers, PPCI delivers coverage solutions to the entire spectrum of commercial auto risk classes including trucking, taxi cabs, towing, waste hauling and paratransit operations despite circumstances like adverse loss experiences, poor SAFER scores, hazardous cargo, prior insurance cancellations and more. Producers now have an insurance carrier with the stability, expertise and risk appetite to place their most difficult commercial auto liability risks.
The NAIC data report states that in the period of 2014-2018 commercial auto incurred losses were $17,774,663 for liability claims and $4,993,846 for physical damage.* PPCI distinguishes itself by handling claims “in-house” through its Claims Direct Access (“CDA”) service. CDA is committed to thorough and cost-effective resolutions, having successfully resolved over 60,000 property and casualty claims and lawsuits.
PPCI is a subsidiary of Prime Holdings Insurance Services, Inc. with offices in Salt Lake City, Utah; Chicago, Illinois; Naples, Florida; and Exton, Pennsylvania.
Media Contact:
Barbara Malkowski
SVP Marketing and PPCI Board Member
312-884-5801
barbaram@primeis.com
*Source: NAIC – https://www.iii.org/fact-statistic/facts-statistics-auto-insurance
Topics Mergers & Acquisitions Auto Claims Commercial Lines Business Insurance Massachusetts Property Property Casualty Casualty
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