Transportation wholesale insurance brokerage Transatlantic Underwriters (TAU) announced today they have appointed Colby Waltenburg to President. “I’m excited to move into this position and help TAU become a leader of transportation, coast to coast. TAU was fortunate to have Dan Parrish lead the organization to this point and we all wish him well in his… Continue reading Transatlantic Underwriters Appoints Colby Waltenburg as President
Tag: commercial auto insurance
Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch
U.S. property/casualty (p/c) insurers continue to face substantial underwriting losses on commercial automobile insurance, according to Fitch Ratings in a new special report. Following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive year of underwriting losses in 2019, with only moderate results improvement anticipated. Despite repeated underwriting… Continue reading Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch
Berkshire Hathaway GUARD Takes on Distracted Driving in Commercial Fleets
The number of auto accidents is increasing, according to National Highway Traffic Safety Administration data. And with the uptick in auto accidents, carriers are shying away from writing commercial policies, leaving brokers sometimes unable to find insurers that want to cover their customers. The problem is overwhelmingly due to driver mistakes: About 94 percent of… Continue reading Berkshire Hathaway GUARD Takes on Distracted Driving in Commercial Fleets
Business Owners Combating Distracted Driving with Telematics Technology
Business owners who put quite a bit of trust in the hands of their fleet drivers to deliver on time and protect their vehicles hope something else isn’t consuming driver attention – distracted driving. The National Highway Safety Administration reports that over 3,000 people were killed in motor vehicle accidents as a result of distracted… Continue reading Business Owners Combating Distracted Driving with Telematics Technology
Renewal Rates Experience Increase Across Nearly All Major Commercial Lines Products
IVANS, a division of Applied Systems, announced the results for Q1 2019 IVANS Index, the insurance industry’s premium renewal rate index. Q1 results showed an increase in premium renewal rate change average across Commercial Auto, Business Owner’s Policy, Umbrella, and Commercial Property compared to Q4; however, General Liability renewal rate change experienced a decrease and… Continue reading Renewal Rates Experience Increase Across Nearly All Major Commercial Lines Products
New On-Demand Rides Provider Alto Selects Farmers for Commercial Auto Insurance
Farmers Insurance®, one of the nation’s largest multiline insurer groups, has been selected to provide commercial automobile insurance coverage to Alto Experience, Inc. (Alto), an innovative new provider of on-demand car services. The Texas-based transportation service start-up has begun offering its unique, members-only experience to rideshare users in Dallas, with plans to expand to new… Continue reading New On-Demand Rides Provider Alto Selects Farmers for Commercial Auto Insurance
Commercial Insurance Market Shows Signs of Firming As Casualty Losses Mount
Commercial insurance buyers are facing upward pricing pressure across most lines of business in 2019, driven in part by escalating losses in the casualty insurance market, while industry consolidation and technology advancements are creating new dynamics for insurance buyers to navigate, according to Willis Towers Watson’s 2019 Insurance Marketplace Realities. The report, published today, serves… Continue reading Commercial Insurance Market Shows Signs of Firming As Casualty Losses Mount
Next Insurance Rolls Out Commercial Auto Insurance
Next Insurance, the leading digital insurance carrier for small businesses, announced its launch of a new commercial auto insurance policy. Like all Next Insurance products, the offering is available entirely online, and the company has eliminated all extra fees. Small businesses can now purchase a commercial car insurance policy separately, or at a reduced price… Continue reading Next Insurance Rolls Out Commercial Auto Insurance
August Commercial Insurance Renewal Rates Bounce Back Across Nearly All Major Lines
IVANS®, a division of Applied Systems®, today announced the results of IVANS Index for the month of August, the insurance industry’s premium renewal rate index. Bouncing back from last month’s results of decreasing rate change across almost all lines of business, August results show positive change across nearly all major commercial lines except for Commercial… Continue reading August Commercial Insurance Renewal Rates Bounce Back Across Nearly All Major Lines
Ford Recalls Two Million Trucks to Address Seat-Belt Fire Concerns
Ford Motor Co said on Thursday it would recall 2 million F-150 pickup trucks in North America to address fire concerns relating to seat belts that have been linked to three serious incidents but no injuries. he second-largest U.S. automaker said it was aware of 17 reports of smoke or fire in the United… Continue reading Ford Recalls Two Million Trucks to Address Seat-Belt Fire Concerns