May 2024 Issue Are you seeing any trends in the types of operations you’re insuring? Absolutely. Over the past few years, we’ve seen many movers diversify their operations to include services, such as junk hauling, temporary storage pods, high valued art, specialized packing and unpacking services, and even globalization. Have movers used these methods in…
The Power of Telematics: Curbing Rising Insurance Premiums for Commercial Vehicles
by Brandon Laam, Vice President, MOVER’S CHOICE Insurance Program The Driving Forces Behind Increasing Insurance Premiums Worsening traffic congestion, the prevalence of distracted driving, and inexperienced drivers due to the labor shortage continue to elevate the risk level for collisions, leading insurers to raise premiums to align with the heightened risk. Compounding that are increasing…
AVs Could Alter Trucking Insurance Landscape
ORLANDO, Fla. — The emergence of autonomous vehicle technology could have profound repercussions for trucking insurance, according to a panel of experts Feb. 28 during the Technology & Maintenance Council Annual Meeting and Transportation Technology Exhibition. “I think we’re all probably aware that emerging technologies start out in the large fleets, the national players with…
Mover’s Choice announces new moving and storage product
Mover’s Choice, a division of Specialty Program Group, has announced the upcoming launch of Property Performance Plus (P3), a new moving and storage product. With the new P3 product, movers will get new property coverages and increased limits on existing coverages from their previous property enhancement form. The product will launch in September. “We know…
Specialty Program Acquires Insurance Company’s Assets
Specialty Program Group, a subsidiary of Hub International in the insurance underwriting industry, has acquired the assets of transportation insurer Paul Hanson Partners. Terms were not disclosed. Paul Hanson Partners offers products called Movers Choice and Biz Choice brands and provides services during the move of employees, independent contractors and contract carriers. “The acquisition by…
Specialty Program Group Acquires Napa-Based Paul Hanson Partners
SUMMIT, N.J., June 2, 2017 /PRNewswire/ — Specialty Program Group, a leading holding company for specialty insurance underwriting facilities, announced today that it has acquired the assets of Paul Hanson Partners (PHP) and its affiliate, PHP International. Terms of the acquisition were not disclosed. Established in 1993 and based in Napa, California, PHP is a national program administrator specializing in providing…