nuclear verdicts

Preventing trucking fleets from falling prey to nuclear verdicts

Preventing trucking fleets from falling prey to nuclear verdicts (Photo: Jim Allen/FreightWaves)

Over the past few years, there has been a surge in nuclear verdicts against the trucking industry. Nuclear verdicts are jury judgments that award penalties over $10 million. This warrants a focus by trucking fleets on risk management, as such verdicts can force companies to declare bankruptcy, adding to the distress already prevalent in the industry today. 

One of the primary reasons for such massive verdicts is the lack of exculpatory evidence on the part of the trucking companies, making it a...

https://s29755.pcdn.co/news/preventing-trucking-fleets-from-falling-prey-to-nuclear-verdicts

Tumultuous times for transportation industry insurers

The TT does not stand for troubled times, although the TT Club has seen plenty.

The TT stands for Through Transport, referring to the insurer’s customers in shipping, freight forwarding and logistics. The TT Club says it insures 80% of all maritime containers and has an insurable interest in more than 45% of the world’s top 100 ports. 

Founded in 1968, the TT Club, with a U.S. office in New Jersey and locations in London, Hong Kong and Sydney, has served clients through the severe acute...

https://s29755.pcdn.co/news/tumultuous-times-for-transportation-industry-insurers

Keys to dash cam acceptance are transparency and incentives

Transparency and incentives are key to gaining driver acceptance for dash cams (Photo: Jim Allen/FreightWaves)

Within the trucking industry, opinions on installing dash cams have oscillated between skepticism and conviction. On one end of the spectrum are drivers, who are resistant to dash cams, as some believe they infringe on their privacy. Fleet managers feel otherwise, because dash cams can help promote safer driving and provide immunity in courts.

“Change and uncertainty always cause stress. Drivers can sometimes assume the worst about any change. I think that goes not just for drivers, but for all...

https://www.freightwaves.com/news/keys-to-dash-cam-acceptance-are-transparency-and-incentives

Research group shifts focus to non-nuclear truck crash verdicts

Truck crash

The American Transportation Research Institute (ATRI) will study non-nuclear verdicts in truck crashes as its top priority for the year following last year’s analysis of multimillion-dollar awards.

ATRI expects to publish its findings on nuclear verdicts in June, ATRI President Rebecca Brewster told FreightWaves.

In addition to the effects of small verdicts on the trucking industry, ATRI’s Research Advisory Council chose to follow up on a 2019 study of trucking insurance rates by looking at how...

https://s29755.pcdn.co/news/research-group-shifts-focus-to-non-nuclear-truck-crash-verdicts

+ More