AC

American Transit Insurance Co

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American Transit Insurance Company (ATIC) - Company Research Report



Company Overview



  • Name: American Transit Insurance Company (ATIC)


  • Mission of the Company: To provide specialized coverage for the livery and commercial auto industry in New York, maintaining a business model based on trust, responsive service, fair pricing, and the value of personal relationships.


  • Founded: Over 50 years ago (specific founding year is not mentioned).


  • Founders: No information is available.


  • Key People in the Company:

  • Ralph Bisceglia - Chairman, Chief Executive Officer, and President

  • Adrian Bisceglia - Chief Product Development Officer

  • Cisca Hung - Chief Compliance & Risk Officer

  • John Poklemba, Esq. - General Counsel

  • Chris Ryan - Chief Financial Officer

  • Kimberley Arroyo - Director of Client Relations

  • Susan Baksh - Director of No-Fault

  • Lloyd Clement - Head of Underwriting

  • Mike Duignan - Director of Underwriting Operation

  • Phyllis Lacroix - Director of Property Damage

  • Geoff Lam - Director of Business Development

  • John Lee - Chief Information Security Officer

  • Joseph Persaud - Chief Operating Officer

  • Heather Ritter - Director of Communications

  • Cormac Synnott - Director of Bodily Injury


  • Headquarters: 5 Broadway, Freeport, New York 11520


  • Number of Employees: No information is available.


  • Revenue: No information is available.


  • What the Company is Known For: ATIC is known as a leading commercial automobile liability insurance provider with specialization in New York's taxi and livery sector. It has developed a strong broker network offering valuable insurance coverage.


Products



Taxi Insurance


  • Description: Comprehensive insurance coverage for New York City's taxi fleets, owner/drivers, and individual owner/designated drivers.

  • Key Features: Focuses on the protection of both yellow and green taxicabs.


Car Service Insurance


  • Description: Insures non-medallion licensed livery vehicles such as radio-based community cars and green taxis.

  • Key Features: Specialized coverage for community-based and green taxi services.


CAP Livery


  • Description: Offers attractive rates for radio-based, non-medallion vehicles.

  • Key Features: Well-suited for drivers with good records and operates mainly in and around New York City.


Commercial Auto Insurance


  • Description: Covers independent tradespeople or corporations operating light-to-medium commercial trucks in NYC and throughout New York State.

  • Key Features: Designed for a wide range of commercial vehicles beyond the livery and taxi sector.


Recent Developments



  • Recent Public Statement (September 2024): ATIC reaffirmed their commitment to the taxi and for-hire transportation industry. They addressed statutory solvency issues, rampant insurance fraud, and escalating costs, stating they are working toward sustainable solutions.

  • Legal Matters: The company is defending itself in the ongoing Uber lawsuit, denying any allegations of failing responsibilities toward their insureds. They continue to provide legal defense and indemnity within policy terms.

  • Other Initiatives: ATIC is actively engaged in solving industry issues regarding solvency in collaboration with various industry participants to ensure a balanced and non-detrimental impact on the market.


Partnerships


  • New Partnerships: No information is available.

  • Product Launches: No information is available.

  • Features Added to Existing Products: No information is available.