Specialty Program Acquires Insurance Company’s Assets
Specialty Program Group has acquired the assets of transportation insurer Paul Hanson Partners.
July 17, 2017Take Me Out to the Ballgame and a Trucking Leadership Symposium
Ballpark Village, which is situated just outside the stadium where the St. Louis Cardinals play, provided a delightful venue for what was billed as a Trucking Leadership Symposium.
Insurance Market Still Tough as Jury Awards Keep Rising
Trucking companies continue to struggle with a tight, expensive insurance market — paying more for vehicle liability coverage or making due with less of it — while the underwriters that remain in trucking face narrowing or vanishing profits, suggesting the years-old problem will not be leaving anytime soon.
High-Profile Accidents Prompt Insurers to Cut Truck Coverage
Costly, high-profile accident losses are transforming the trucking insurance market, potentially raising costs and tightening pressure on fleets to improve safety and reduce risk, industry experts said.
Scamming Cargo Insurance Broker Behind Bars
The FBI said Aug. 25 the former operator of Appeal Insurance Agency, based in Norcross, Georgia, has been sentenced to four years in federal prison for insurance fraud.
House Rejects Insurance-Requirement Proposal
Lawmakers rejected an amendment targeting insurance requirements during the House’s consideration of the fiscal 2016 transportation funding bill June 4.
Truckers Criticize Potential Increase in Minimum Insurance Requirements
The Federal Motor Carrier Safety Administration received more than 2,000 comments on its advanced notice of proposed rulemaking to increase mandatory insurance minimums, many of them questioning whether an adjustment was needed.
March 9, 2015FMCSA to Seek Input on Increasing Minimum Insurance Levels
The Federal Motor Carrier Safety Administration on Nov. 28 published an advance notice of proposed rulemaking on increasing the minimum insurance levels for carriers and brokers.
EBE Technologies Creates Owner-Operator Insurance Enrollment Software
EBE Technologies said it has created an insurance-enrollment program for carriers hiring owner operators and independent drivers.
June 30, 2014Schumer Calls for Raising Insurance Requirements for Truck Companies
Sen. Charles Schumer (D-N.Y.) said on June 16 he would push to raise the minimum insurance liability that truck companies are required to hold when the Senate considers a fiscal 2015 transportation funding bill as early as June 17.