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Follow us today… Policy Renewal Shock “How much will my Cybertruck cost to renew my policy?” John Khosravani questions his insurance agent on the Tesla Cybertruck Facebook Owner page, still in disbelief from the shocking renewal rate provided by his insurer for the second year of ownership. John exp
Startup Lula, positioning itself as the “Stripe for insurance,” has successfully secured $35.5 million in a Series B funding round following a significant increase in customer acquisition. After TechCrunch covered Lula’s Series A funding of $18 million in July 2021, the company initially concentrate
Warren Buffett’s Latest Acquisition Warren Buffett’s firm has recently taken over a company that competes with some of America’s biggest enterprises in both revenue and workforce size. Acquisition of Pilot Travel Centers Last week, Buffett’s company purchased the remaining 20% of Pilot Travel Center
Deloitte predicts that advancements in self-driving technology could lead to the elimination of approximately 380,000 long-haul truck driving positions within the next five years. This development may significantly affect workers’ compensation insurers, potentially resulting in a loss of around US$3
An insurance company’s profitability relies heavily on several factors, including the volume of policies sold, the premiums it sets, the returns on its investments, operational expenses, and claims payouts. The net profit margin (NPM) serves as a key indicator of a company’s financial performance, r
Daimler Truck Financial Services (DTFS), a provider specializing in vehicle-related financial services, has established a new partnership with insurance broker Marsh aimed at supporting transport operators in the UK. This new collaboration will enable DTFS’s truck and bus customers in the UK to acce
New Insurance Requirements for Truckers in New Jersey In just a few weeks, truck drivers in New Jersey will face new liability insurance mandates. Legislation Overview In January 2024, Governor Phil Murphy enacted law S-2841/A-4292, which mandates that heavy-duty truck owners secure a minimum of $1.
Scania Confirms Cyber Attack on Insurance Division Swedish heavy vehicle manufacturer Scania has acknowledged that cybercriminals have successfully infiltrated its insurance and financial services division. As a part of the Volkswagen Group, Scania is a well-known manufacturer of large trucks, buses
If your mobile food business operates from a trailer, the Food Liability Insurance Program (FLIP) is a viable option to consider. For those using a food trailer as opposed to a truck, FLIP might be beneficial. It includes a specific endorsement for food trailers, providing general liability coverage
