CHICAGO–(BUSINESS WIRE)–Prime Property & Casualty Insurance Inc. (“PPCI”) has announced its
debut into the North Carolina and New Mexico commercial auto markets as
an admitted carrier specializing in insurance solutions for distressed
and substandard risks. With PPCI, producers now have an insurance
company to write commercial auto risks and expand their book of
business. PPCI offers the capacity to insure any commercial auto risk
class with adverse account experiences such as unsatisfactory loss
experience, poor driving records or lack of insurance history. PPCI’s
partnership approach, based on customized underwriting, extraordinary
claims handling and risk management, produces outstanding results for
producers and insureds.
Among these are many commercial auto owners, employers and operators who
need to insure their vehicles and drivers and are having tremendous
difficulty obtaining insurance due to imperfect histories or atypical
business arrangements. “Producers have been frustrated by their
inability to meet the needs of clients about offering a market for
difficult risks to the commercial auto marketplace. PPCI provides
exactly that market,” said Rick J. Lindsey, President and CEO of PPCI.
Unlike other insurance providers, PPCI delivers coverage solutions to
the entire spectrum of commercial auto risk classes, including trucking,
taxi cabs, towing, waste hauling and paratransit operations, despite
circumstances like adverse loss experiences, poor SAFER scores,
hazardous cargo, prior insurance cancelations and more. Producers now
have an insurance carrier with the stability, expertise and risk
appetite to place their most difficult commercial auto liability risks.
The NAIC data report states that in the period of 2013-2017 Commercial
auto incurred losses were $15,519,716 for liability claims and
$4,874,748 for physical damage. PPCI distinguishes itself by handling
claims “in-house” through its Claims Direct Access (“CDA”) service. CDA
is committed to thorough and cost-effective resolutions, having
successfully resolved over 60,000 property and casualty claims and
lawsuits.
PPCI emphasizes that building trusted relationships is the foundation
for growth and success. A close working collaboration with our partners
yields tremendous benefits in advancing the mutual interests of parties
involved. For producers, PPCI provides a stable and expansive market to
place distressed and specialty commercial auto risks that expand
prospects for a broader book of business and increased growth. As a
result, individuals and businesses with imperfect histories are given
the insurance coverage and support they need. When you find the right
partners, a new spectrum of opportunity emerges for generating increased
business and satisfied clients.
Source: NAIC Data’s Global Market Intelligence Insurance Information
Institute. https://www.iii.org/fact-statistic/facts-statistics-auto-insurance
Contacts
Barbara Malkowski
SVP Marketing and PPCI Board Member
P:
312-884-5801
E: [email protected]
