insurance

Government, Business, Safety

How a Texas ‘Fender Bender’ Truck Accident Turned Into a $32 Million Nuclear Jury Verdict

Gavel on  cash Avosb/Getty Images

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.

Eric Miller | Senior Reporter
November 20, 2020
Business, Safety

Traffic Eases Amid Pandemic, but Trucking Insurance Costs Still on Upward Trajectory

Insurance vitpho/Getty Images

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.

Gary Frantz | Special to Transport Topics
October 23, 2020
Business, Technology, Safety

Startup Harnesses Data, Telematics in New Insurance Model for Fleets

Chuck Wallace and Reid Spitz 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.

Gary Frantz | Special to Transport Topics
October 23, 2020
Business, Safety

Rates 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.

Jennifer Wieroniey | Executive Director, National Accounting & Finance Council, American Trucking Associations
October 23, 2020
Business, Safety

Poor Insurance Underwriter Performance Is Causing Increasing Rates, Expert Says

Ryan Erickson 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.

Eric Miller | Senior Reporter
October 22, 2020
Business, Safety

Plaintiff Lawyers Target Trucking Company Safety

gavel Getty Images

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.

Eric Miller | Senior Reporter
October 21, 2020
Government, Business, Safety

Four More Individuals Indicted in Staged Accidents Scam in La.

C.R. England truck 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.

Eric Miller | Senior Reporter
October 19, 2020
Government, Business, Safety

Nine More Individuals Indicted in Staged Accidents Scam in La.

Interstate 10 sign in Louisiana 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.

Eric Miller | Senior Reporter
September 22, 2020
Government, Business, Safety

Trucking Targets 'Nuclear' Verdicts

Courtroom scene 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.

Eric Miller | Senior Reporter
September 16, 2020
Government, Business, Safety, Breaking News

Southeastern Motor Freight Files RICO Lawsuit in La. Staged Accidents Case

Gavel 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.

Eric Miller | Senior Reporter
September 1, 2020

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