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When it comes to shopping for an insurance policy, it’s natural to be curious about the bells and whistles. But what potential buyers really want to know is how much it’s going to cost.
Reliance Partners Director of Safety Robert Kaferle hears it all the time, “The question I always get is, ‘How do I get better rates?’”
And his response is always the same: “The question shouldn’t be, ‘When are my rates going to go down?’ Rather, the question should be, ‘What do I have to do as a carrier to bring...
https://www.freightwaves.com/news/insurance-faq-how-can-i-get-a-better-rate
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A push by lawmakers to raise truck liability insurance for the first time in 40 years has advanced further than ever in Congress and the resulting rate increases would hit small trucking companies the hardest, according to an insurance expert.
The provision included in the Moving Forward Act, which the U.S. House of Representatives passed on July 1, raises the minimum coverage level for general freight from $750,000 per accident to $2 million. It would be adjusted every five years to account for...
Deluxe Express Inc. of Plainfield, Illinois, filed for Chapter 11 bankruptcy protection on Wednesday, citing soaring insurance rates after one of its drivers was involved in a fatal crash on Interstate 80 near Laramie, Wyoming, in March 2019.
Deluxe Express and another motor carrier have been named in a wrongful death lawsuit filed by the family of a man killed in the deadly pileup involving three trucking companies.
In its filing with the U.S. Bankruptcy Court for the Northern District of...
A number of nuclear verdicts have rocked the transportation industry over the last several years. FreightWaves teamed up with Gulf Winds International to discuss how these massive jury awards are driving insurance rates up and taking a lasting toll on carriers.
FreightWaves Director of Freight Intelligence Zach Strickland and Texas Trucking Association President John Esparza tackled the issue head-on in a recent video chat.
Jury awards against trucking companies continue to swell to higher and...
https://www.freightwaves.com/news/how-to-fight-the-effects-of-nuclear-verdicts-with-video