insurance News Updates

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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.

Business

Does Your Banking Partner Have These 8 Attributes?

Banks are eager to compete for your business. These eight must-have attributes will help you evaluate and choose a partner that’s dedicated to providing you with the capital, relationships and technology your business needs to keep growing and thriving.

July 2, 2019
BusinessSafety

Lines 'Blurred' Between Longhaul, Local Drivers With Reclassified Workers’ Comp Code, Industry Expert Says

The National Council on Compensation Insurance last year reclassified workers’ compensation codes for motor carriers, a move that somewhat “blurred the lines” between over-the-road truck drivers and the city-local drivers who are home every night, said Sam Tucker, CEO of Carrier Risk Solutions.

May 8, 2019
BusinessEquipmentSafety

Aging Driver Workforce Increases Workers' Compensation Risks for Fleets, Experts Say

An aging workforce of drivers is elevating the risk of workers’ compensation claims for fleets even as trucking companies are seeing stable or even lower premiums for workers’ compensation insurance, industry experts said.

May 8, 2019
Business

Apax VIII to Sell Entire Stake in Insurance Broker AssuredPartners

Apax VIII, a fund advised by Apax Partners, will sell its entire stake in insurance broker AssuredPartners to an investor group led by Chicago-based private equity firm GTCR, according to AssuredPartners’ news release.

February 26, 2019
GovernmentBusinessSafety

CVSA Files 'Friend of the Court' Brief in Chameleon Carrier Case

The Commercial Vehicle Safety Alliance has filed a “friend of the court” brief with the Indiana Supreme Court in a “chameleon carrier” case in which an insurance broker is accused of helping the carrier illegally change its name to escape its bad safety record.

November 15, 2018
GovernmentBusinessSafety

Like Motor Carriers, Truck Insurers Await Changes to Federal CSA Program

With potentially big changes coming to the federal Compliance, Safety, Accountability program, insurance companies are hoping for a better way to identify unsafe motor carriers in an environment where insurers may be paying out much higher claims under the current system while some carriers are battling skyrocketing premiums.

October 17, 2018
GovernmentBusinessSafety

Replay: LiveOnWeb's 'Managing Risk in Trucking'

What techniques are fleets using to pursue lower insurance costs as the Federal Motor Carrier Safety Administration revamps its Compliance, Safety, Accountability scoring system? Our Oct. 17 LiveOnWeb program, "Managing Risk in Trucking," explores this topic. Watch the replay.

October 10, 2018
BusinessLogistics

Acquisitions Mark Trend of Truck Insurance Agency Consolidation

AssuredPartners Inc., a Lake Mary, Fla.-based insurance brokerage firm, said it acquired the Roemer Insurance Agency and its affiliate Sunforest Transportation Insurance Group, both based in Toledo, Ohio.

September 12, 2018
GovernmentBusiness

North Carolina Insurance Risk Pool Halves Surcharge

In an effort to soften the blow of a surcharge tacked onto insurance policies for North Carolina truckers, officials with the state’s insurance risk pool have cut in half the surcharge that will plug a $96 million shortfall in the agency’s balance sheet.

July 10, 2018
GovernmentBusinessTechnologyEquipmentSafety

Safety, Insurance Costs Cited in Study as Reasons to Consider Autonomous Vehicles

As autonomous vehicles become more commonplace on our highways and roads, drivers of both trucks and passenger cars are likely to become more accepting of the technology, a survey of U.S. consumers by the market research firm J.D. Power found.

June 6, 2018