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    And trucks. The company generally services commercial truckers and truck fleets (small to medium-sized businesses). It uses data and advanced technology in the vehicles it covers that serves essentially as a co-pilot to drivers, reducing accidents but also helping to keep insurance prices lower. Cover Whale has had a healthy growth trajectory so far since ...
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    Nearly all commercial lines continued to have significant price increases in Q1. Professional liability, despite seeing a lower rate of increase compared to the previous quarter, still recorded a double-digit rate increase following nine quarters of acceleration. Other lines continued to show price increases, albeit similar to or slightly below those reported in Q4 2021. ...
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    Commercial insurance is big business. The global commercial insurance market was valued at $692.33 billion in 2020 and is projected to reach $1.6 trillion billion by 2030, according to Allied Market Research. And while technology has transformed the personal insurance business through digital upstarts like Esurance, Lemonade and Oscar Health, commercial insurance is far more ...
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    Gordon pointed out that small- and medium-sized businesses are expected to see an increase in their insurance costs when they buy or renew a policy – even if they have not made a claim in the preceding year – all thanks to certain economic pressures. APCIA cited a recent survey from the Council of Insurance ...