insurance News Updates

Government, Business, Safety

Strategies Exist to Protect Internal Safety Data From Plaintiffs’ Attorneys, Experts Say

When a trucking fleet conducts an internal investigation after one of its drivers is involved in a crash, the results can help to improve safety both for the company and the individual driver. But if a plaintiff attorney gains access to that internal post-accident analysis, the information it contains can turn that company’s good intentions into an element of a legal case that leads to a multimillion dollar jury verdict.

April 21, 2021
Government, Business, Safety

Texas Bill Seeks to Reduce Large Jury Verdicts in Crash Lawsuits

A bill making its way through the Texas Legislature could make it more difficult for victims to reap multimillion-dollar jury verdicts against truckers in lawsuits that result in serious injury or death following a crash.

April 8, 2021
Government, Business, Safety

ATA, Insurance Groups Vow to Tackle Towing Fraud, Staged Accidents

American Trucking Associations, the American Property Casualty Insurance Association and the Coalition Against Insurance Fraud have announced a plan to combine their resources to pursue legislation to tackle two of trucking’s biggest problems — towing fraud and staged accidents.

April 6, 2021
Government, Business, Safety

Arkansas Carrier Forced to Close After Multimillion-Dollar Ruling

Over Valentine’s Day dinner last year, Randy Clifton and his wife, Karyn, decided the fate of the trucking company that had been Randy’s pride and joy for a decade. Unfortunately, they had to close down.

March 24, 2021
Business

Reliance Partners Adds Borderless Coverage to Portfolio

Trucking insurance company Reliance Partners has acquired Borderless Coverage, a North American cross-border supply chain insurance provider.

February 18, 2021
Government, Business

‘Spotter’ in New Orleans Accident Scam Sentenced to 21 Months

A so-called spotter who participated in at least two staged accidents against trucks in the New Orleans area has been sentenced to 21 months in prison for his part in the wire fraud conspiracy.

January 22, 2021
Government, Business, Safety

How a Texas ‘Fender Bender’ Truck Accident Turned Into a $32 Million Nuclear Jury Verdict

A civil action against FTS International Services remains one of dozens of so-called “nuclear” verdicts against motor carriers, defined as awards in excess of $10 million, that in recent years have been on a steep rise.

November 20, 2020
Business, Safety

Traffic Eases Amid Pandemic, but Trucking Insurance Costs Still on Upward Trajectory

Reduced highway traffic during the ongoing COVID-19 crisis has lowered the risk of crashes, but this silver lining of the pandemic has provided only a temporary reprieve for trucking companies that have seen escalating insurance costs in recent years.

October 23, 2020
Business, Technology, Safety

Startup Harnesses Data, Telematics in New Insurance Model for Fleets

High Definition Vehicle Insurance, launched in 2018, focuses on small and midsize trucking fleets.

October 23, 2020
Business, Safety

Rates Will Increase, But What Else Could 2021 Bring for Truck Insurance?

Year-over-year, motor carriers are having to pay more money for less coverage.

October 23, 2020