insurance News Updates

Business, Technology, Equipment, Safety, Logistics

Trucking Weathers Another Increase in Cargo Theft for Q2

The trucking industry continued to weather an increase in cargo theft activity during the second quarter of 2024.

July 18, 2024
Business, Technology, Equipment, Safety, Logistics

Cargo Thefts Remained Unusually High in First Quarter

The trucking industry struggled through an unusually high number of cargo thefts during the first quarter, according to Verisk Analytics’ CargoNet report.

May 29, 2024
Business

How to Combat Rising Insurance Costs

Program Aired: May 16, 2 p.m. ET Recouping your claims - from filing and acknowledgement to investigation and settlement - can exhaust more time and money than you can afford. Instead of a game of telephone, what if your service provider managed each step of the process from claim to settlement and offered you a single touchpoint for all your questions? Chas Nickells, Vice President of Business Development for Transportation at Davies Group, joins Seth Clevenger to share his decades of experience creating custom claims solutions for industry leaders and teach you how end-to-end claims solutions can transform your operations.   

May 16, 2024
Business

Lower Your CSA Scores and Save on Insurance Rates

Seen your insurance costs skyrocket lately? Premiums are one of the top operating costs for trucking fleets, but increasing your emphasis on safety throughout your organization may make you eligible for a more cost-effective insurance policy. And a greater emphasis on safety will also likely lower your CSA scores. Download this white paper to read more about building a safer fleet to lower your scores using fleet telematics.     

May 1, 2024
Government, Business, Safety

Wisconsin Governor Vetoes Bill Placing $1M Cap on Litigation

Wisconsin Gov. Tony Evers has vetoed a bill that would have put a $1 million cap on awards for noneconomic damages such as pain and suffering in lawsuits stemming from commercial motor vehicle accidents.

April 8, 2024
Government, Business, Safety

Five More Implicated in New Orleans Staged Accidents

An ongoing federal investigation into staged accidents with tractor-trailers in the New Orleans area in recent months has implicated five additional participants in the scams that have so far resulted in charges against more than 60 individuals.

April 3, 2024
Government, Business, Safety

New Jersey Lawmakers Raise Minimum Insurance

The New Jersey Legislature has passed a law requiring heavy trucks to carry a minimum $1.5 million in liability insurance — double the current federal minimum insurance requirement of $750,000.

February 13, 2024
Government, Business, Fuel

California Asks Insurers About Covering Zero-Emission Trucks

The California Department of Insurance is taking steps to ensure that commercial insurance coverage is available for zero-emission heavy trucks and fleets.

February 9, 2024
Government, Business, Safety

Two Sentenced to Prison in Staged Accident Schemes

Two people in separate allegations of participation in staged accidents with tractor-trailers in the New Orleans area have been sentenced to prison and ordered to pay significant restitution.

November 14, 2023
Business, Technology, Safety

Have Trucking Insurance Premiums Peaked?

There has been much concern about rising insurance premium costs. However, are we getting close to an environment in which those rates are leveling out or even reversing course?

August 11, 2023