“Nuclear verdicts are destroying the excess market. Until someone puts a leash on these lawsuits, I don’t see prices going down that’s for sure,” said Reliance Partner’s Joe Schreiner.
Annual insurance rates could surge 150% or more
United States Transportation Alliance plans to keep pressure on lawmakers on issues affecting truckers.
A year after studying nuclear verdicts in truck crashes, the American Transportation Research Institute is focusing on smaller verdicts as its top research priority while also looking behind the scenes of rising truck insurance premiums.
Insurance spikes can be attributed to the ongoing threat of nuclear verdicts.
CarrierHQ introduces a new portal that helps owner-operators and small fleets gain authority in the market by providing them services to get started and run successful businesses.
Companies may be creating unnecessary risk in their operations if they have an out-of-date policy and procedure manual, or worse, aren’t following it.
Trucking insurance continues to get more expensive. Chris Henry and Daniel Pickett provide information about captive insurance agencies.
Happy top of the weekend! Thanks for making us a part of the backhaul of your week, and boy do we have some news for you. First, we hit the […]
