☂️🚕🚀 NYC TLC Insurance Broker Crisis
from AutoMarketplace NYC Hosted by AutoMarketplace
Note: Thumbnail image was generated with the assistance of AI (OpenAI | ChatGPT) Also available on YouTube ⬇️ TABLE OF CONTENTS 0:00 Intro 1:51 Bloomberg article ‘NYC’s Taxi Mess Was Driven by Decades of Inaction and ‘Massive’ Fraud’ 12:06 Is the TLC killing insurance innovation that would make industry less reliant on ATIC? 14:03 Additional thoughts on American Transit story 23:04 Is American Transit (ATIC) still in business? 26:57 NYC TLC insurance broker crisis? 28:56 ATIC pays majority of $40+ million TLC broker fees 29:42 NYC TLC Insurance Total Addressable Market (TAM) analysis 33:12 How much do NYC TLC insurance brokers make? 41:10 TLC insurance broker commissions have been cut and its imp 44:29 Impact of a 1% TLC broker commission cut? Other market risks? 50:13 NYC TLC insurance broker market share 52:09 Consolidate, compete or go out of business 52:18 Why doesn’t ATIC (or Hereford) sell insurance directly? Why do they use brokers? AutoMarketplace covers the NYC for-hire transportation industry and automotive news. Check out AutoMarketplace on YouTube ▶️ 🗣️ Interested in advertising with us? Click here Get full access to AutoMarketplace at automarketplace.substack.com/subscribe
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