Arrowhead's Mile High Markets Celebrates 40 Years in Rental Vehicle Industry

What's Happening?

Mile High Markets, a specialty commercial auto program administered by Arrowhead General Insurance Agency, Inc., is celebrating its 40th anniversary. Established in 1985, the program was designed to fill a coverage gap for independent rental operators. Over the years, it has become one of the longest-running programs in the rental vehicle industry, known for its industry expertise, disciplined underwriting, and strong relationships with agents and carriers. Angela Dodd, vice president of Mile High Markets, attributes the program's success to staying informed and maintaining open communication, which has allowed it to adapt to changes such as shifting liability pressures and economic downturns. The program has recently expanded its reach by completing new filings in Alaska and Hawaii, and it has added a new underwriter to support its growth.

Why It's Important?

The longevity and success of Mile High Markets highlight the importance of specialized insurance programs in addressing the unique needs of niche markets. By providing tailored solutions for complex risks, the program supports independent rental operators who might otherwise struggle to find adequate coverage. This not only helps these businesses manage their risks but also contributes to the stability and growth of the rental vehicle industry. The program's ability to adapt to market changes and expand into new regions demonstrates its resilience and commitment to serving its clients, which can inspire confidence among stakeholders and encourage further investment in the sector.

What's Next?

Looking ahead, Mile High Markets aims to continue being a reliable resource for agents and operators in the rental vehicle industry. The program plans to maintain its focus on developing innovative solutions for complex risks and expanding its market presence. As it adapts to ongoing changes in the industry, including potential regulatory shifts and economic challenges, Mile High Markets will likely continue to play a crucial role in supporting the growth and stability of the rental vehicle sector.