American Transit Insurance is Nearing Insolvency

As you can read here from Bloomberg

https://www.bloomberg.com/news/articles/2024-09-03/nyc-risks-taxi-uber-meltdown-as-biggest-insurer-faces-huge-losses

Here from the NY Times:

https://www.nytimes.com/2024/09/16/nyregion/american-transit-insurance-uber-lyft-nyc.html

and Here:

https://www.insurancejournal.com/news/east/2024/09/06/791729.htm

as well as here:

https://www.crainsnewyork.com/transportation/ny-regulator-slams-atic-decades-mismanagement

You can plainly see that this carrier is running low on resources. 

If you have any questions about how this might impact your collection efforts on no-fault charges, please call or email me.