trucking insurance Archives - Page 4 of 4

ATRI study reveals nuclear verdicts on the rise

23 June 2020

New research by the American Transportation Research Institute (ATRI) provides more evidence that large legal “nuclear” verdicts against truck fleets are increasing dramatically in both number and size of awards along with a corresponding increase in insurance costs.

The study, Understanding the Impact of Nuclear Verdicts on the Trucking Industry, is based partially on a new trucking litigation database with information on 600 cases between 2006 and 2019. The first five years of the data showed...

https://s29755.pcdn.co/news/atri-study-reveals-nuclear-verdicts-on-the-rise

How to fight the effects of nuclear verdicts (with video)

1 June 2020

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

In the market for a used truck or trailer?

28 May 2020

Those in the market to buy their own truck or trailer often face a binary choice – new or used. It’s a question as old as the highways itself and one that permeates the minds of forward-thinking truckers.

Purchasing a truck fresh off the assembly line has its perks but can be expensive. On the other hand, used trucks lack certain elements of performance and safety but are considerably cheaper. While there are arguably many reasons to lean either way, one should be mindful of insurance costs...

https://www.freightwaves.com/news/in-the-market-for-a-used-truck-or-trailer