Live Insurance News

Commercial auto insurance is continuing its slumping trend

May 5, 2016May 4, 2016 G. Turner

According to Fitch Ratings, this sector has been a “chronically underperforming product segment.” Fitch Ratings has revealed that the commercial auto insurance market as a whole had not only experienced an underwriting loss last year, but also that this was the fifth year in a row in which that happened. Fitch also said that the P&C market was in its third consecutive year of considerable underwriting profits. The American commercial auto insurance market has become a “chronically underperforming product segment” for insurers, said Fitch. These underwriting losses have even been…

Insurance news of hikes to minimums expected by taxi commission

July 21, 2015July 18, 2015 H. Cutner

The St. Louis Metropolitan Taxicab Commission predicts that the raise will be a sizeable one. A new statement that was released in a letter from the St. Louis Metropolitan Taxicab Commission has revealed the insurance news that they anticipate a rise in the minimum allowable coverage to “significantly increase.” The regulation change follows an accident in which the Techli CEO was badly injured, said the commission. The CEO of Techli, Edward Domain, was involved in an accident and was very hurt. Now, the insurance news that is resulting looks as…

Farmers offers new rideshare auto insurance policy in California

June 3, 2015June 1, 2015 S.Vagus

Farmers has received approval to offer new insurance product in California Farmers Insurance Group has launched a new auto insurance product in California, with the approval of the state’s insurance regulators. Now, drivers that work for rideshare companies like Uber and Lyft will be able to obtain more coverage, protecting them from potential worst-case scenarios. The coverage is designed to address gaps in the coverage that these companies provide, though both Uber and Lyft claim that such gaps do not exist. Both companies have received some criticism for what is…

Five Types of Business Insurance You Should Have

May 26, 2013February 15, 2014 Guest Author

How to Avoid Financial Ruin in the Future Businesses need several different types of insurance to protect them from financial ruin. It is important to protect your business with different types of insurance that will keep you and your business protected in several key ways. Importance of Property Insurance Property insurance will protect your building and the supplies within it if there is a robbery or fire. Furthermore, this insurance also will help if your store has been vandalized or if there is smoke damage to the property or items…

Insurance news from Atlas includes acquisition of Gateway

October 25, 2012 H. Cutner

The deal has been signed to close the agreement for the expansion into the American public auto market. Atlas Financial Holdings, Inc. has made insurance news with its announcement that it has now signed a definitive agreement to acquire Camelot Services, Inc., as well as its sole insurance subsidiary of Gateway. The acquisition was announced to have been for around $23 million. The final closure of the insurance news transaction is still subject to the typical conditions, such as the regulatory approval of Gateway Insurance Company’s change of control. It…

Choosing the right commercial auto insurance for your company

June 3, 2012April 30, 2013

Making sure you have the coverage you need at the right price. When you own a business, no matter its size, you understand the importance of obtaining the right coverage, so when it comes to commercial auto insurance, you need to make sure that you choose the right policy to protect your company while paying the best possible price. To make sure you find the right coverage, there are a few questions that you should ask yourself. It is important to take this additional step, because coverage for business vehicles…

GEICO makes insurance news by decreasing some Maryland rates

May 3, 2012May 25, 2012 Julie Campbell

Drivers in the state may soon see more attractive business car coverage rates. GEICO (Government Employees Insurance Company) has just announced that commercial auto insurance policyholders in Maryland may soon be seeing much more favorable premiums and larger savings as the insurer changes its rating structure. According to the regional vice president of Mid-Atlantic operations at GEICO, John Izzo, “As the largest insurer of personal autos in Maryland, GEICO already has a strong presence in the state.” He went on to explain that “In 2011 we implemented a new rating…