| | Market Spotlight
March 9, 2022 |
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Market Spotlight: Towing / Tow Truck Insurance scams involving towing abuses are on the rise nationwide, according to the National Insurance Crime Bureau (NICB), with vehicle owners facing high towing and storage fees, unsolicited tows, and dangerous, unsafe towing practices. Last year, the NICB identified the following U.S. metropolitan areas as the five worst for towing abuses: Los Angeles/Long Beach/Anaheim; New York/Newark/Jersey City; Chicago/Naperville/Elgin; Philadelphia/Camden/Wilmington; and Houston/The Woodlands/Sugar Land. In Chicago alone, NICB said people are paying $3,000 to $5,000 in extreme towing and storage fees when the actual cost to a vehicle owner should be less than $400. The group has been urging lawmakers nationwide to tackle towing scams and said there has been an uptick in towing-reform legislation in states like Arizona and California.
"However, we need to see more. Otherwise, these fraudulent towing companies will continue to take advantage of consumers," said Joe Wehrle, NICB president and CEO, who added cities that address towing scams with new laws, like Philadelphia, have seen a drop in towing related abuses. |
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| Is your account being non-renewed? Only using non-admitted paper? Did they offer you lower limits than last year? We can help right now! Minimum Premiums start at $500 for $1M. Lead and Excess Umbrella Options with various attachment points offered by "A" Rated renowned carriers. Give us the basics and we will let you know within minutes what options we have. States: All states Offered by: UmbrellaPro by Great Point Insurance |
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| Pacific Gateway offers a variety of towing coverage including auto, garage, property, GK, and GL, all on National Indemnity paper. New ventures, service risks, dealers and repo operations are eligible. States: All states except MA Offered by: Pacific Gateway Insurance Agency |
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| | Insurance Rocks! Thank you to all the insurance champions who shared experience and advice to those considering a career in the field. Insurance Journal |
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| We are open to high mods and and entertain labor intensive risks. Insurance carrier rated A (Excellent) by AM Best Company. Open brokerage with no volume requirements and competitive commissions. States: AZ, CA, CT, IL, NE, NJ, PA Offered by: Omaha National |
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| Garage Auto Repair and Auto Sales Dealers Program Specialists With many in-house markets both admitted and non-admitted. We specialize in Unique and Hard to Place exposures for garage, repair and dealer coverages. Available in most states. * Garage Services & Dealers * Garage * Auto ... States: 39 states |
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| Anyone know of a carrier to cover exotic birds? I have a business that breeds and sells them in Virgina. Thank you Kathleen by kmahoney on Mon Mar 7, 2022 NP who facilitates foreign student exchange here in the US. Nee Gl and A&M coverage. Cannot find a carrier willing to offer coverage. there are tons of these offices in the US... who is writing their coverage? Philly, Charity First, Great American, USLI have all said no. by bstenhouse on Mon Mar 7, 2022 3 units, $5000,000 limit, $5000 ded, average load $ 175,000 no claims last 10 years. In Minnesota. by kris.h on Mon Mar 7, 2022 I am looking for a market that can insure a motorhome/RV that was converted from a small bus. I am looking for AL/PD coverage. This is in CA. by Perez_C on Tue Mar 1, 2022 Need general liability, E&O for an entity that does the following: (a) sell computers parts on Amazon.com. Most of the products are sold are fulfilled by Amazon and are housed in Amazon warehouse, and (b) software and data processing involving cryptocurrencies. by kris.h on Fri Feb 25, 2022 |
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