For fifty-two years, American Transit Insurance Company (ATIC) has served New York’s taxi and for-hire transportation industry through its highs and lows. As an industry leader for commercial auto insurance, ATIC has consistently demonstrated resilience and an unwavering commitment to our policyholders, brokers, and communities. The company has consistently paid all of its financial obligations, including verified claims and expenses, and continues to do so.
The company has met the needs of the taxi and livery business, and by doing so, has helped keep the costs of for-hire transportation affordable to New Yorkers and visitors.
ATIC firmly and unequivocally denies any allegation that we failed in our responsibilities to our insureds. It provides legal defense and indemnity to the policy limits in all cases which fall within our policy terms. ATIC is vigorously defending the ongoing Uber lawsuit.
The company is working tirelessly to address a longstanding issue of statutory solvency amid rampant insurance fraud and escalating costs. We are working closely with industry participants towards a solution that does not unduly impact the broader market in an adverse manner.