Commercial Auto News
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NYC Mayor Adams Signs Bill Lowering For-Hire Vehicles’ Insurance Mandate
Jul 2 2025 // New York City Mayor Eric Adams has signed into law legislation reducing the auto insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or...
NYC Council Passes Bill to Lower Insurance Limits for For-Hire Vehicles
Jun 13 2025 // With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles’ insurance requirement in hopes of lowering premiums and...
NCDOI Fines Builders Mutual for Repeat Violations in Commercial Auto
May 22 2025 // Builders Mutual Insurance and its subsidiary, Builders Premier, have agreed to pay a $39,000 penalty after a North Carolina market conduct examination again found issues with producer licensing, nonrenewals and subrogation...
Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?
Feb 11 2025 // The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from $200,000 to $50,000 per...
NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules
Jan 27 2025 // New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the...
New York Proposes Plan to Stabilize Broken Taxi Insurance Market
Jan 22 2025 // New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co. Two of the...
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