Commercial auto insurance premiums increased up to 29% in Q2 2024, driven by legal challenges and high-value verdicts. Industry reports predict continued cost rise in 2025, impacting trucking carriers' margins.

Explore insights on Prime Insurance Company's rating downgrade by AM Best, its impact on financial performance, and future assessment expectations.

INSURICA's acquisition of First Light enhances its transport insurance portfolio, driving growth and expertise in the face of industry challenges. Learn more!

AM Best report reveals $10 billion underwriting losses in U.S. commercial auto insurance over two years, driven by loss severity, social inflation, and reserve issues.

INSHUR appoints Guy Farley to UK Board of Advisors to drive AI and autonomous vehicle insurance development, signaling a strategic shift in mobility insurance innovation.

AM Best reports ongoing underwriting losses in U.S. commercial auto insurance for 14 years, driven by rising loss severity and claims costs despite operational efficiencies and rate increases.

Reliable Transportation Association introduces a Lloyd's-backed physical damage insurance program for commercial auto operators in six U.S. states, featuring digital quoting and risk-based pricing.

Reliable Transportation Association expands U.S. commercial auto insurance with Lloyd's-backed Physical Damage program. Digital platform enables instant quotes, rewarding safety with competitive pricing.

Cover Whale raises $40M from Morgan Stanley Expansion Capital to enhance its connected commercial auto insurance platform, driving growth and advanced underwriting technology.

Canal Insurance Company names Paul Stachura as VP and Chief Claims Officer, enhancing its claims leadership with expertise in commercial auto and litigation management.