Mack Financial Services Introduces Fleet Asset Protection with New Physical Damage Insurance
May 15, 2026
Mack Financial Services (MFS) has broadened its insurance offerings by adding physical damage coverage for all makes and models within a customer’s fleet, providing extensive protection, easier management, and enhanced peace of mind throughout their operations. MFS now introduces the Rolling Asset Program (RAP), which features adaptable coverage aimed at safeguarding all assets within a […]
Read articleNuclear Verdicts Fuel Rising Trucking Insurance Costs Amid Regulatory Challenges
May 8, 2026
Today, carriers are facing one of the most difficult operating landscapes in recent history. Factors like fluctuating fuel prices, ongoing driver shortages, stricter regulations, and inconsistent freight demand are all contributing to the pressure on the industry. Amid these challenges, the escalating cost of insurance is particularly notable. What was once a manageable expense has […]
Read articleStolen Truck Saga: Insurance Denies Responsibility
May 8, 2026
An Alberta family believed they had made a sound decision when buying a used pickup truck from a licensed dealership. However, their experience turned out to be a stressful and expensive journey, revealing a growing issue in the automotive market. They invested around $40,000 in a Ford F-150, a recognizable and dependable vehicle that felt […]
Read articleMemphis Welder Faces High Stakes with 30% Truck Loan Interest
May 3, 2026
Young Welder Burdened by High-Interest Truck Loan A 21-year-old welder from Memphis is striving for financial relief after taking out a $30,000 truck loan at a steep 30 percent interest rate on April 24, 2026. The borrower, who does not have a cosigner, is currently making $800 monthly payments for a vehicle that has declined […]
Read articleTop 5 Truck Financing Companies You Can Trust
May 2, 2026
What is a commercial truck loan? A commercial truck loan, commonly known as semitruck financing, is designed for borrowers looking to purchase a commercial truck. This loan functions similarly to equipment financing, allowing borrowers to spread the truck’s cost over regular payments over time. Since the loan is asset-based, the truck serves as collateral in […]
Read articleOhio Trucking Firms Concerned Over Soaring Insurance Expenses
April 21, 2026
Trucking Industry Faces Rising Challenges COLUMBUS, Ohio (WCMH) — The presence of heavy trucks on public roads makes accidents unavoidable. Safety Practices and Financial Consequences Trucking companies emphasize safety throughout their operations. However, when accidents occur, the repercussions can be severe, particularly with the increasing costs of insurance. Josh Ledford, president of Spartan Logistics, noted […]
Read articleLouisiana Legislators Push Major Trucking Insurance Overhaul
April 20, 2026
Louisiana Legislation Aims to Reform Trucking Insurance System Legislators in Louisiana are evaluating a significant reform of the state’s commercial trucking insurance framework through House Bill 932. This initiative seeks to tackle escalating costs, market disparities, and insufficient protections for accident victims. Dubbed the Louisiana Commercial Trucking Insurance Market Reform Act, the bill responds to […]
Read articleFMCSA Halts Minimum Insurance Regulation Changes
April 15, 2026
After over three years of deliberations aimed at increasing minimum insurance requirements for the trucking industry, the Federal Motor Carrier Safety Administration (FMCSA) has decided to halt this initiative, citing a lack of sufficient data to justify moving forward—at least for the time being. Background of the Rulemaking Effort The FMCSA first announced its intent […]
Read articleHouse Bill Proposes $5 Million Minimum Insurance for Trucking Industry
April 15, 2026
In 1980, Congress set a minimum insurance requirement of $750,000 for motor carriers during the deregulation of the trucking industry, a figure that has remained unchanged. A new bill in the House of Representatives aims to raise this minimum to $5 million. The Fair Compensation for Truck Crash Victims Act seeks to implement two significant […]
Read articleNew Bill Proposes Increased Trucking Insurance Minimum to $5 Million
April 14, 2026
Got story updates? Submit your updates here. › A visual representation of the ongoing debate over increasing trucking insurance minimums to better protect crash victims. Gainesville Today U.S. Representatives Jesús ‘Chuy’ García (D-Illinois) and Derek Tran (D-California) have reintroduced the ‘Fair Compensation for Truck Crash Victims Act,’ which seeks to raise the minimum insurance requirement […]
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