May 23, 2025
Commercial vehicle insurance is invaluable during automotive emergencies. This type of insurance can significantly reduce repair costs for owners of commercial vehicles, which include cabs, taxis, trucks, lorries, buses, and auto rickshaws, among others. This guide elaborates on commercial vehicle insurance in India, demonstrating how one can safeguard their finances by choosing the right commercial […]
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May 23, 2025
Commercial Truck Insurance Renewal Trends This year, if you’ve faced a truck insurance renewal and felt a wave of anxiety, you’re not alone. Recent industry data from late 2023 and early 2024 indicates that many individual truck operators are shelling out between $11,000 and $16,000 annually for primary liability and cargo coverage. These costs vary […]
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May 22, 2025
Sure! Here’s the paraphrased article formatted in HTML: Trucking news and updates for Friday, May 10, 2024: New Jersey Increases Minimum Liability Insurance Requirements New Jersey has enacted legislation signed by Governor Phil Murphy in January that raises the minimum liability insurance for truck owners to $1.5 million. However, the exact scope of this increase […]
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May 22, 2025
According to Swiss Re, litigation expenses have led to a 57% rise in liability claims in the U.S. over the past decade, culminating in a peak increase of 7% in 2023. Understanding Social Inflation Social inflation refers to the phenomenon where insured liability claims escalate more rapidly than can be accounted for by economic conditions […]
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May 21, 2025
Washington – June 6, 2024: The U.S. Supreme Court referenced an amicus brief by Crowell & Moring in its decision today, determining that Truck Insurance Exchange qualifies as a ‘party in interest’ allowed to participate in the Chapter 11 bankruptcy proceedings of two manufacturing firms confronting multiple asbestos injury claims. The legal team from Crowell, […]
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May 21, 2025
Concerns in Canada’s Commercial Trucking Sector The Insurance Bureau of Canada has published an extensive report highlighting serious shortcomings in the country’s commercial trucking industry. Key Findings of the Report Among the critical discoveries are prevalent issues related to weak enforcement of regulations, inconsistent training protocols, and a notable lack of Mandatory Entry-Level Training (MELT) […]
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May 20, 2025
On April 22, the Nevada Senate voted narrowly to approve a controversial bill that will soon double the minimum liability insurance requirement for truckers in the state. Currently, Nevada law mandates a minimum liability insurance coverage of $750,000 for truck drivers. The newly passed bill, with a vote of 11-10, proposes to raise this minimum […]
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May 20, 2025
Launching a trucking business requires significant funding, whether you’re an owner-operator or a fleet manager. The costs continue to accumulate even after your fleet starts transporting goods. Expenses such as fuel, tires, maintenance, insurance, and more can reduce your profit margins. FinditParts examined market trends to predict trucking costs for 2025 and their implications for […]
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May 19, 2025
Landstar System’s Challenging First Quarter Landstar System faced a difficult first quarter primarily due to several pre-announced issues. Key factors included adverse claims development, rising accident severity, instances of stolen cargo, and fraud detected at a satellite office. Earnings Overview The company reported earnings per share of 85 cents for the first quarter, a decline […]
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May 19, 2025
Please sign up for this recorded ATA webinar. Webinar Overview: Gain CPE credits and explore the use of telematics as a risk management resource in this NAFC webinar. Recently, the amount of telematics data from fleet vehicles has dramatically increased—there’s now 25 times more data available from fleet vehicles compared to all personal Usage Based […]
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