insurance News Updates

Business, Equipment, Safety, TCA

How Best to Insure a Large Truck? It’s Complicated

Several years after becoming an insurance agent, David Imschweiler decided on a career change, so he got his commercial driver’s license and became a truck driver.

September 19, 2017
Business

Gallagher Bassett Services Acquires National Transportation Adjusters

Arthur J. Gallagher & Co. announced that its subsidiary, Gallagher Bassett Services, has acquired National Transportation Adjusters Inc., a company based in Scottsdale, Ariz., that provides claims management for self-insured trucking companies and corporate fleet operators in the United States.

September 5, 2017
Government, Safety

FMCSA to Begin Crash Accountability Program to Aid Fleets’ Safety Scores

FMCSA is beginning a two-year crash preventability demonstration program that will classify a crash as “not preventable” on a carrier’s Safety Measurement System profile in instances where the carrier is not at fault.

July 27, 2017
Business

Specialty Program Acquires Insurance Company’s Assets

Specialty Program Group has acquired the assets of transportation insurer Paul Hanson Partners.

July 17, 2017
Business

Take Me Out to the Ballgame and a Trucking Leadership Symposium

Ballpark Village, which is situated just outside the stadium where the St. Louis Cardinals play, provided a delightful venue for what was billed as a Trucking Leadership Symposium.

June 30, 2017
Business

Insurance Market Still Tough as Jury Awards Keep Rising

Trucking companies continue to struggle with a tight, expensive insurance market — paying more for vehicle liability coverage or making due with less of it — while the underwriters that remain in trucking face narrowing or vanishing profits, suggesting the years-old problem will not be leaving anytime soon.

June 12, 2017
Business

High-Profile Accidents Prompt Insurers to Cut Truck Coverage

Costly, high-profile accident losses are transforming the trucking insurance market, potentially raising costs and tightening pressure on fleets to improve safety and reduce risk, industry experts said.

March 21, 2016
Business

Scamming Cargo Insurance Broker Behind Bars

The FBI said Aug. 25 the former operator of Appeal Insurance Agency, based in Norcross, Georgia, has been sentenced to four years in federal prison for insurance fraud.

August 27, 2015
Government, Business

House Rejects Insurance-Requirement Proposal

Lawmakers rejected an amendment targeting insurance requirements during the House’s consideration of the fiscal 2016 transportation funding bill June 4.

June 5, 2015
Business

Truckers Criticize Potential Increase in Minimum Insurance Requirements

The Federal Motor Carrier Safety Administration received more than 2,000 comments on its advanced notice of proposed rulemaking to increase mandatory insurance minimums, many of them questioning whether an adjustment was needed.

March 9, 2015