New York taxi insurer American Transit booked a policyholders’ surplus of negative $761.5mn for full-year 2024, compared to positive $26mn in the prior year, while growing top line by 13%.
In
NY livery insurer American Transit 2024 surplus swings to negative $761.5mn
Its full-year combined ratio for 2024 ballooned to 334.6%, from 124.7% in 2023.