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Category: <span>Financial & Insurance Insights</span>

Insurance fraud: emerging risks and innovative tech solutions combatting the

Insurance Fraud: Emerging Risks and Innovative Tech Solutions Combatting the Challenge

May 6, 2025

The issue of fraud has gained significant attention within the transportation sector recently, particularly affecting the insurance industry. According to Joseph Petrelli, president of Demotech, there has been a troubling increase in fraudulent and baseless insurance claims. Petrelli noted that “Opportunistic plaintiff firms and adjusters are infiltrating these sectors, utilizing increasingly advanced tactics to target […]

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Accountability for commercial carriers in nevada

Accountability for Commercial Carriers in Nevada

May 6, 2025

On February 3, 2025, the Nevada Legislature saw the introduction of Senate Bill 180 (SB180) by unidentified sponsors. This proposed legislation aims to overhaul the regulatory framework governing the commercial trucking and insurance sectors within the state. SB180, presented during the 83rd legislative session, focuses on enhancing public safety and ensuring financial responsibility among commercial […]

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Stifel makes a bold comeback in trucking coverage

Stifel Makes a Bold Comeback in Trucking Coverage

May 1, 2025

Stifel Reassesses Trucking Industry On Thursday afternoon, David G. Ross, a transportation equities analyst at Stifel Financial Corp., announced the firm’s renewed focus on tracking the trucking industry. He provided insights on several companies including HUB Group, Marten, Knight-Swift, and Daseke, along with a broader analysis and forecast for 2018. Current Industry Landscape The report […]

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Essential insights on semi truck insurance you should know

Essential Insights on Semi-Truck Insurance You Should Know

May 1, 2025

For businesses utilizing semi-trucks, securing the right insurance is essential. This applies whether you’re an independent trucker, an owner-operator of a trucking business, or your company owns or leases semis for transporting goods. If you transport goods across state lines for hire, you must have a commercial policy with a minimum of $750,000 in auto […]

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Cottingham & butler grows trucking division with burnett insurance acquisition

Cottingham & Butler Grows Trucking Division with Burnett Insurance Acquisition

April 30, 2025

Dubuque, IA, December 21, 2016 Cottingham & Butler, a prominent insurance brokerage firm ranked nationally, has announced its acquisition of Burnett Insurance Corporation based in Little Rock, AR. This deal will take effect starting January 1, 2017. About Burnett Insurance Corporation Burnett Insurance Corporation is known for its property and casualty insurance services tailored to […]

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Investing in the future of transportation

Investing in the Future of Transportation

April 30, 2025

What Is the Transportation Sector? The transportation sector encompasses various companies that offer services for moving people and goods, in addition to the necessary infrastructure. According to the Global Industry Classification Standard (GICS), transportation is categorized as a sub-sector of the industrial sector. This sector includes multiple industries such as air freight and logistics, airlines, […]

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Revolutionizing trucks for a digital future

Revolutionizing Trucks for a Digital Future

April 29, 2025

The Changing Landscape of the Truck Industry As Bob Dylan famously said, “The times they are a-changin’,” and this sentiment rings especially true for the trucking sector. Evolution of Delivery Processes The traditional, labor-intensive methods of package delivery have now evolved. Trucking companies are adopting advanced logistics strategies such as capacity-as-a-service, crowdsourced delivery, truck platooning, […]

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Ryder introduces embedded insurance for used trucks with rein offer

Ryder Introduces Embedded Insurance for Used Trucks with REIN Offer

April 29, 2025

Ryder trucks on the road. (TT File Photo) [Stay updated on transportation news: Get TTNews in your inbox.] Ryder System Inc. Introduces New Insurance Services Ryder System Inc., a company specializing in supply chain solutions, dedicated transportation, and commercial fleet management, has announced the launch of new insurance services in collaboration with REIN for customers […]

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