June 24, 2025
Warren Buffett’s Latest Acquisition Warren Buffett’s firm has recently taken over a company that competes with some of America’s biggest enterprises in both revenue and workforce size. Acquisition of Pilot Travel Centers Last week, Buffett’s company purchased the remaining 20% of Pilot Travel Centers, likely investing over $13 billion in total to integrate the truck-stop […]
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June 21, 2025
Deloitte predicts that advancements in self-driving technology could lead to the elimination of approximately 380,000 long-haul truck driving positions within the next five years. This development may significantly affect workers’ compensation insurers, potentially resulting in a loss of around US$3 billion in premiums. Furthermore, the broad acceptance of autonomous vehicles could shift premiums across various […]
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June 20, 2025
An insurance company’s profitability relies heavily on several factors, including the volume of policies sold, the premiums it sets, the returns on its investments, operational expenses, and claims payouts. The net profit margin (NPM) serves as a key indicator of a company’s financial performance, reflecting the percentage of net income produced relative to its revenue. […]
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June 19, 2025
Daimler Truck Financial Services (DTFS), a provider specializing in vehicle-related financial services, has established a new partnership with insurance broker Marsh aimed at supporting transport operators in the UK. This new collaboration will enable DTFS’s truck and bus customers in the UK to access various commercial insurance and risk advisory services. The package also includes […]
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June 19, 2025
New Insurance Requirements for Truckers in New Jersey In just a few weeks, truck drivers in New Jersey will face new liability insurance mandates. Legislation Overview In January 2024, Governor Phil Murphy enacted law S-2841/A-4292, which mandates that heavy-duty truck owners secure a minimum of $1.5 million in liability insurance per truck. This is designed […]
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June 18, 2025
Scania Confirms Cyber Attack on Insurance Division Swedish heavy vehicle manufacturer Scania has acknowledged that cybercriminals have successfully infiltrated its insurance and financial services division. As a part of the Volkswagen Group, Scania is a well-known manufacturer of large trucks, buses, and industrial vehicles. The company employs over 59,000 staff globally, sells more than 100,000 […]
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June 18, 2025
If your mobile food business operates from a trailer, the Food Liability Insurance Program (FLIP) is a viable option to consider. For those using a food trailer as opposed to a truck, FLIP might be beneficial. It includes a specific endorsement for food trailers, providing general liability coverage while the trailer is parked and disconnected […]
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June 17, 2025
The U.S. trucking industry, a crucial component of the economy, is confronting soaring insurance expenses and overwhelming court judgments. During a recent NationalLease conference, Richard Leibfried, president of RJL Insurance Services, highlighted these escalating costs as one of the greatest challenges for trucking fleets. Of particular concern are “nuclear verdicts,” which are legal awards exceeding […]
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June 16, 2025
Worried About Tariffs? Many small-business owners are facing heightened economic pressure following recent tariff updates. NerdWallet is ready to assist you in finding the resources you may need. Here are some starting points: Factoring companies offer financial support to businesses with cash locked in unpaid invoices. Instead of traditional small-business loans, these companies purchase outstanding […]
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June 16, 2025
Original Publication Date: June 2019 Accidental Doughnut Delivery Uncovers Key Issues In September 2017, an office runner from Spine Center Atlanta mistakenly delivered a box of doughnuts along with a letter to law firm McMickle, Kurey & Branch in Atlanta. Although the delivery was intended for another recipient, the letter contained crucial information that could […]
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