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, 2020insurance News Updates
Stay informed with the latest trucking insurance news from Transport Topics. Our trusted coverage explores regulatory changes, premium trends, risk management strategies and policy developments affecting carriers, fleets and logistics professionals. Whether you're evaluating coverage options or responding to evolving liability concerns, our expert reporting helps you make smarter, more informed decisions in the complex world of commercial trucking insurance.
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, 2020Startup 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, 2020Rates 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, 2020Poor Insurance Underwriter Performance Is Causing Increasing Rates, Expert Says
The insurance underwriting industry continues to face financial uncertainty, characterized by historic underwriting losses for the transportation sector and rising insurance rates for motor carriers, insurance executives said during a virtual educational session at American Trucking Associations’ Management Conference & Exhibition.
October 22, 2020Plaintiff Lawyers Target Trucking Company Safety
A recent study that explored the skyrocketing rise in jury awards against trucking companies went beyond the numbers to seek expert input on what fleets can do to protect themselves.
October 21, 2020Four More Individuals Indicted in Staged Accidents Scam in La.
Four others have been indicted in connection with a sweeping federal investigation into staged accidents with commercial vehicles in the New Orleans area.
October 19, 2020Nine More Individuals Indicted in Staged Accidents Scam in La.
Nine more people have been indicted in connection with a sweeping federal investigation into staged accidents with commercial vehicles in the New Orleans area.
September 22, 2020Trucking Targets 'Nuclear' Verdicts
The trucking industry is making gains in its fight against the plaintiffs bar and the increasing size of jury verdicts levied against motor carriers, but those in the trenches say the battle is not over.
September 16, 2020Southeastern Motor Freight Files RICO Lawsuit in La. Staged Accidents Case
A New Orleans motor carrier has filed a federal Racketeer Influenced and Corrupt Organizations Act civil lawsuit against a New Orleans attorney and two convicted participants in a pair of staged accidents with tractor-trailers in 2017.
September 1, 2020Trending
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