insurance
How a Texas ‘Fender Bender’ Truck Accident Turned Into a $32 Million Nuclear Jury Verdict
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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, 2020Traffic Eases Amid Pandemic, but Trucking Insurance Costs Still on Upward Trajectory
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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
Chuck Wallace (left) and Reid Spitz formed High Definition Vehicle Insurance in 2018. (Andrew Collings Photography)
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
Ryan Erickson of McGriff Insurance Services. (Transport Topics)
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
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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.
The latest indictment in the staged accidents scam alleges that four defendants intentionally used a vehicle to stage an accident in October 2015 with a tractor-trailer owned by C.R. England. (John Sommers II for Transport Topics)
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.
Most of the alleged staged accidents have taken place on Interstate 10 in the New Orleans area. (Joel Carillet/Getty Images)
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
Plaintiffs attorneys often use emotional arguments with juries when trying to win cases against trucking companies. (Pattanaphong Khuankaew/Getty Images)
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
Southeastern Motor Freight alleges in the lawsuit that it was defrauded by attorney D. Patrick Keating of Nugent Keating law firm, saying Keating conspired with Damian Labeaud and Mario Solomon in two June 2017 staged accidents. (Getty Images)
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, 2020