Our investigation reveals that 5% of carriers, as identified by their insurers, account for nearly a third of all truck crashes. No federal or state law requires insurers to review a single page of safety data before binding a policy.
For decades, insurance was the one thing you couldn’t fake your way past to start a trucking company. That’s no longer true. As instant-issue coverage and $300 authority fees make it easier than ever to place 80,000 pounds on public highways without verification, a scalable, pre-authority risk-control model could restore the gate the industry lost without adding a single federal employee to the payroll.
My investigation found 76 Risk Retention Groups insure nearly 30,000 motor carriers linked to more than 6,300 fatal crashes, all without state guaranty fund protection for crash victims. The findings come as reports indicate that major insurers, including Chubb and AmTrust, are exiting the Chicago trucking market, funneling high-risk carriers into RRGs that have already incurred $199 million in unpaid losses and multiple insolvencies.
42 investigative article links covering CDL mills. Chameleon carriers. Fraudulent examiners. Bought legislators. Exposed vehicles. Every failure point in America’s deadliest supply chain crisis, exposed by an 25 year industry veteran.
Less than 1% of insurer-carrier relationships are tied to 6% of the crashes and fatalities in America. The scorecard shows exactly who. The fix isn’t just regulation. It’s insurers taking ownership of their books and investing in risk-control professionals who actually know trucking.
The question people always ask is, “Where did they get the money to grow to 500 trucks?” It’s all in the model, and it’s often rinse, reuse, repeat.
The three-part series of the Trucking Alliance’s safety agenda wraps up with discussion of English, ELDs and insurance.
A credit card and fifteen minutes can now put an unvetted operator behind the wheel of 80,000 pounds, with full legal authority to share the road with your family. The underwriting standards that once kept dangerous carriers off the highway have collapsed, and everyone from crash victims to taxpayers is footing the bill.
In this episode of Loaded and Rolling, host Thomas Wasson sits down with Michael Precia to break down how fleets can manage rising operational costs by avoiding some of the worst costs with safety and compliance optimization.
Trucker Path, the multi-service app that allows drivers and fleets a wide range of services on one platform, is getting into the insurance business. More accurately, Trucker Path is getting into the insurance agent business. Its new offering is called Trucker Path Insurance. And as Aaron Ealy, the general manager of Trucker Path Insurance noted, […]
Enforcement and Insurance Implications A change in insurance policies could be coming to the trucking industry, signaling a major shift in their approach to non-domiciled commercial driver’s licenses (CDLs). As enforcement of the new non-domiciled CDL rule takes shape, insurance companies are likely to position themselves to avoid potential liability exposure. According to an insurance […]
Reliance Partners joined with sponsors and expert speakers to host another successful freight industry event. This two-day seminar brought together industry leaders to discuss key topics impacting trucking and logistics, including litigation trends, reshoring, insurance strategies, shipper insights, and more.
Commercial insurance rates have ballooned over the last few years. Small carriers can use some techniques to reduce their costs.
The U.S. Chamber of Commerce is recommending a long list of fixes to the problem of large verdicts in truck accident litigation.
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Cargo insurance is vital protection for carriers, but preventing damages in the first place, like these tips from Reliance Partners, can help them avoid cash payouts and maintain trust with shippers and customers.
Do you know what’s on your PSP record? Reliance Partners’ Mark Barlar shares insight into the story it tells about a driver, how it informs hiring decisions and what drivers can do about it.
By implementing a strong safety and compliance program — like Reliance Partners can help them build — carriers can minimize risk and pay less for insurance.
As the holiday shopping season descends, companies should be aware that law-abiding consumers are not the only folks hoping to get their hands on this season’s hottest gifts.
Nuclear verdicts do not just impact the defendants; they drive insurance rates up for companies across the industry, as well as the motoring public.
