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
Government, Business, Safety

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

Chameleon Carrier The Indiana Statehouse is home to the Supreme Court of Indiana. (Shutterstock)

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.

Eric Miller | Staff Reporter
November 15, 2018
Government, Business, Safety

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

Officers perform a roadside inspection Officers perform a roadside inspection. There's more data than ever on carriers' operations, insurance experts say. (Federal Motor Carrier Safety Administration)

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.

Fran Matso Lysiak | Equipment Editor
October 17, 2018
Government, Business, Safety

Replay: LiveOnWeb's 'Managing Risk in Trucking'

LiveOnWeb panelists From left: Joe Howard, Joe DeLorenzo, Lisa Gonnerman, Eric Miller

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.

Transport Topics
October 10, 2018
Business, Logistics

Acquisitions Mark Trend of Truck Insurance Agency Consolidation

Trucks on highway John Sommers II for Transport Topics

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.

Daniel P. Bearth | Staff Writer
September 12, 2018
Government, Business

North Carolina Insurance Risk Pool Halves Surcharge

North Carolina Reinsurance Facility NCRF annual report

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.

Eric Miller | Staff Reporter
July 10, 2018
Government, Business, Technology, Equipment, Safety

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

Autonomous cab (Ohio Department of Transportation)

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.

Dan Ronan | Associate News Editor
June 6, 2018
Government, Safety

North Carolina Truckers to See 14.61% Surcharge on Liability Insurance

NC Insurance NCRF Annual Report

North Carolina motor carriers are being slapped with a 14.61% surcharge on their liability insurance policies to plug a $96 million shortfall in the state’s insurance risk pool.

Eric Miller | Staff Reporter
April 19, 2018

Opinion: Become a Better Trucking Insurance Buyer

Your customers view your product as a commodity. Rogue competitors lurk, willing to offer your customers a cheaper short-term deal. Rate increases are only achieved if market forces allow them, not whether you need them. Are we talking about the trucking industry or the insurance industry?

Chris E. Mikolay | Vice President, National Accounts & Truck Alternative Risk, National Interstate
March 2, 2018

Motor Carrier Insurer Acuity Expands Operations to Texas

Acuity's Cliff Johnson Johnson by John Sommers II for Transport Topics

ORLANDO, Fla. — Commercial Motor Carrier insurer Acuity has expanded operations to Texas, the company announced at a press conference at American Trucking Associations’ Management Conference & Exhibition on Oct. 21.

Eric Miller | Staff Reporter
October 21, 2017