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July 2, 2019insurance 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.
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, 2019Aging 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, 2019Apax 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, 2019CVSA 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, 2018Like 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, 2018Replay: 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, 2018Acquisitions 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, 2018North 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, 2018Safety, 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, 2018Trending
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