Business, Technology, Equipment, Perspective

Perspective: Trucking’s Telematics Systems Are Only as Good as the Losses They Prevent

Rising insurance premiums are a perennial stress for many motor carriers, many of which are now installing telematics systems with the latest safety technologies to mitigate cost increases.

September 16, 2019
Government, Business, Technology, Safety

Insurers Eye Safety Technologies

As the trucking industry grapples with a litigious environment and many motor carriers struggle to manage ever-rising insurance premiums, safety technologies have captured the attention of the insurance industry.

Fran Matso Lysiak | Features Editor
September 16, 2019
Business, Technology, Safety

‘Safety First’ Is Crucial For Trucking, Insurance

Rising insurance costs for many motor carriers, a focus on safety technologies and regulatory changes on the horizon makes this the ideal time for Transport Topics to publish its first Trucking and Insurance Special Report.

Fran Matso Lysiak | Features Editor
September 16, 2019
Business

California Trucking Association to Sell Insurance Through a New, For-Profit Agency

Trucks on highway John Sommers II for Transport Topics

The California Trucking Association has partnered with C3 Risk and Insurance Services to offer insurance products to trucking companies through a new, for-profit insurance agency.

Fran Matso Lysiak | Features Editor
August 20, 2019
Business, Technology

Warren Buffett’s Geico Joins Rivals in Tracking Drivers

Traffic Bloomberg News

Geico has launched a telematics offering, called DriveEasy, in certain states, Credit Suisse Group AG analyst Mike Zaremski said in a research note July 31. A phone app tracks driving habits and gives individuals a score and tips, according to Geico’s website.

Katherine Chiglinsky | Bloomberg News
July 30, 2019
Business, Safety

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

An insurance form In the past, the National Council on Compensation Insurance used a split code between long haul and local drivers, but now it uses one code. (istock)

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
Business, Equipment, Safety

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

Driver exits his cab A trucker exits his cab. Getting in and out of a truck is one of many ways a driver can get injured on the job. (Quincy Smith via YouTube)

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.

Fran Matso Lysiak | Features Editor
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
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 | Features Editor
October 17, 2018

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