MELVILLE, N.Y. -- AutoOne Insurance, a Limited Assignment Distribution (LAD) servicing carrier accepting assigned risks on behalf of client insurance companies, announced today that they are expanding their LAD services into other states and new markets. Assigned risks are those drivers who are unable to obtain automobile insurance in the voluntary market. AutoOne currently offers LAD services to automobile insurance companies in New York and New Jersey.
With this expansion, AutoOne plans to add a number of new state programs, including Pennsylvania, Texas, California, Connecticut, Vermont, Maine, Delaware and Washington, D.C. AutoOne will also begin accepting commercial automobile risk (CLAD) assignments on behalf of insurance carriers in the states of New York, Pennsylvania and Texas. The expansion of both the LAD and CLAD programs is subject to approval by appropriate regulatory bodies, including state insurance departments. Additional states are also under consideration for AutoOne's expanded services.
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