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Program Aired: March 9, 2023 2 p.m. ET. The newest positioning technology is 100x more accurate than the current market standard. Such advancement promises trucking companies better ways to mitigate risk, reduce liability, and monitor safety. But how does it work in practice? This seminar explores the practical application of precision GPS and discusses fleet safety, accident reduction, and driver management.

ORLANDO, Fla. — The emergence of autonomous vehicle technology could have profound repercussions for trucking insurance, according to a panel of experts Feb. 28 during the Technology & Maintenance Council Annual Meeting and Transportation Technology Exhibition.

Florida lawmakers are readying a series of reforms aimed at frivolous lawsuits that target trucking companies and other small businesses in the state.

Carriers have weathered years of insurance premium increases and may see slight relief in 2023, but insurance providers continue to face inflation, economic pressures and larger verdicts in both average loss and nuclear verdicts.

Technology firm Idelic is launching an initiative designed to help fleets negotiate better terms for insurance policies through use of data culled from its suite of safety programs.

A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.

Nuclear verdicts can be detrimental to motor carriers and their insurance rates, but carriers can mitigate risk by utilizing technology, documenting and sharing safety efforts, and taking advantage of the first 24 hours if a claim occurs.

Three New Orleans women who faced up to five years in prison have been sentenced for their roles in staging accidents with heavy-duty vehicles and ordered to pay more than $5 million in restitution to motor carrier victims of the crashes.

Attorney Doug Marcello of Carlisle, Pa., recently had an opportunity to deploy a unique legal strategy to help avoid the potential for a multimillion dollar “nuclear” verdict.

A new report from the American Transportation Research Institute stated that while trucking industry court cases that result in verdicts of less than $1 million may not dominate headlines like those that end in multimillion-dollar judgments, the cumulative effect of these smaller verdicts can still inflict significant financial distress on the industry.