April 8, 2025
Minimum Insurance Requirements The federal government is tasked with establishing minimum insurance requirements for trucking companies and brokers; however, a shortage of data from insurers is hindering regulators’ ability to determine if current coverage levels should be adjusted. Rising Costs of Crashes In a recent report submitted to Congress, the Federal Motor Carrier Safety Administration […]
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April 7, 2025
Koffie Insurance Secures $11 Million in Series A Funding Brooklyn, NY, July 19, 2022 (GLOBE NEWSWIRE) – Koffie Insurance, an insurtech specializing in financial services for the trucking and transportation industry, has successfully closed an $11 million Series A funding round. This brings the company’s total funding to $15.5 million. The financing round was spearheaded […]
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April 7, 2025
Matthew James Collins, an Ohio resident, transports frozen foods like onion rings and ice cream across the Midwest. On a recent October morning, he was navigating through a snowstorm in Minnesota. Collins pointed out that he used to haul around 22 skids of frozen goods for four corporate clients last year, but now he’s down […]
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April 6, 2025
The anticipated future where we would all be traveling in self-driving cars—able to text, read, or even nap while being driven to our destinations—has not materialized as expected. Similarly, hopes for a fully automated trucking industry remain unfulfilled as we await advancements in technology. Despite the setbacks, experts suggest that fully autonomous vehicles are still […]
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April 6, 2025
In the case of Truck Insurance Exchange v. Kaiser Gypsum Company, Inc., the U.S. Supreme Court recently ruled that an insurer responsible for claims against a debtor, and potentially impacted by the debtor’s bankruptcy, qualifies as a “party in interest” with the right to participate in the debtor’s Chapter 11 proceedings. Before this decision, courts […]
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April 5, 2025
RLI Corp Teams Up with TruckerCloud RLI Corp’s RLI Transportation division has partnered with TruckerCloud, the premier telematics data platform for commercial auto insurance. This collaboration aims to enhance RLI’s transportation insurance sector, which is recognized for its innovative approach in the commercial transportation insurance market. About TruckerCloud Based in Atlanta, GA, TruckerCloud helps insurers […]
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April 5, 2025
American Trucking Associations Partners with TrueNorth Companies The American Trucking Associations (ATA) has announced the renewal of its partnership with TrueNorth Companies, a firm specializing in insurance and financial strategies, as an ATA Corporate Partner. “Our members are diverse, ranging in size and type, and they require tailored insurance solutions that address their specific needs,” […]
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April 4, 2025
Collaboration Enhances Insurance Options for Independent Truck Drivers and Small Fleets Nationwide Cover Whale Insurance Solutions, Inc., a prominent commercial trucking insurance provider and rapidly growing insurtech, has announced a strategic partnership with Aon’s CoverWallet, a digital insurance platform tailored for small business owners. This announcement was made on August 17, 2023, in New York […]
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April 4, 2025
Trucking firms are integral to the international transportation industry, focusing on the transportation of goods via roads and highways, thus serving as vital components of the supply chain. Many leading trucking firms also engage in other transportation methods, such as rail and air, and provide logistics services that enable quicker deliveries at reduced costs to […]
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April 3, 2025
In the realm of commercial auto management, telematics presents both advantages and challenges—yet is it wise to enter the fray without the right tools? The situation for vehicle insurance is alarming: premiums have consistently risen for numerous years with no signs of abating. “Each insurance provider in the commercial auto liability sector has reported worsening […]
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