New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit …
Sep 4, 2024 · American Transit, also known as ATIC, insures roughly 60% of New York City’s more than 117,000 commercial taxis, livery cabs, black cars and rideshare vehicles. It’s also insolvent.
American Transit alleges fraudulent accident claim conspiracy in …
Dec 18, 2024 · Uber filed a lawsuit against American Transit on Feb. 16, alleging that the insurer had "systematically failed its named insureds" by "failing to adhere to reasonable claims-handling practices and failing to reasonably resolve claims." American Transit has …
N.Y.: American Transit Insurance Co.’s looming collapse: causes ...
Oct 4, 2024 · American Transit Insurance Co., once a leading insurer of yellow cabs, black cars and ride-hail vehicles, is under severe financial distress, throwing New York City’s commercial ride-hail market into disarray. Approximately, 72,000 of the existing 114,000 NYC’s TLC liability policies belong to ATIC. What led to the downfall of such a major ...
NYC's biggest taxi insurer is insolvent, risking transit meltdown - MSN
American Transit, also known as ATIC, insures roughly 60% of New York City’s more than 117,000 commercial taxis, livery cabs, black cars and rideshare vehicles. It’s also insolvent.
New York Proposes Plan to Stabilize Broken Taxi Insurance Market
4 days ago · 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 ...
Looming Insurance Crisis Threatens Taxis and Ubers in New York City
Sep 16, 2024 · American Transit, the largest insurer of the city’s for-hire vehicles, is insolvent. Its collapse could create a crisis that would take thousands of cars out of service.
NYC’s Biggest Taxi Insurer Is Insolvent, Risking Transit Chaos
American Transit, also known as ATIC, insures roughly 60% of New York City’s more than 117,000 commercial taxis, livery cabs, black cars and rideshare vehicles. It’s also insolvent.
NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses
New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition.
Update: NYC's Largest Cab Insurer Ordered to Explore Sale After …
Sep 6, 2024 · New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition.
NYC Regulator Slams Taxi Insurer American Transit for Decades …
Sep 5, 2024 · New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition.