Proveedor de seguros de automóviles comerciales Seguro de vehículos de alta definición (HDVI) anunció el miércoles que ha obtenido $ 40 millones adicionales en fondos de los inversores anteriores 8VC, Autotech Ventures, Munich Re Ventures y Weatherford Capital, ya que la compañía busca desarrollar...
Trucking Risk & Compliance
HDVI secures $40M for data-driven trucking insurance
Commercial auto insurance provider High Definition Vehicle Insurance (HDVI) announced Wednesday it has secured an additional $40 million in funding from previous investors 8VC, Autotech Ventures, Munich Re Ventures and Weatherford Capital as the company looks to develop more data-driven solutions and discount programs for the trucking community.
The company has raised a total of $87 million since its founding in 2017 by Chuck Wallace and Reid Spitz.
As a part of this announcement, Spitz, former...
https://www.freightwaves.com/news/hdvi-secures-40m-for-data-driven-trucking-insurance
Trucking groups and others take renewed stab at tort reform in Texas
Texas’ trucking sector heralded the enactment of a law in 2021 as a big victory in its fight against nuclear verdicts, typified by a huge award against Werner Enterprises (NASDAQ: WERN) in the Lone Star State.
But just a few years later, the impact of the law, HB 19, is generally seen as a bust for the trucking industry’s attempts to fend off large judgments, whether or not they cross the $10 million nuclear verdict dividing line.
That disappointment has spurred a new effort to change the law...
CVSA data on International Roadcheck confirms that many drivers stayed home
Just-released data on this year’s International Roadcheck results add to other indications that drivers in 2024 were more likely to stay home during the three-day compliance crackdown than they were in 2023.
The evidence that the annual Roadcheck “vacation” may have had a bigger impact this year than in recent years first came in data from the Outbound Tender Rejection Index (OTRI) in SONAR during May, which showed a clear increase in that benchmark. OTRI reflects freight that is tendered under...
Bestpass acquiring Drivewyze in expansion of FreightTech offerings
Bestpass-Fleetworthy Solutions, known primarily for toll management solutions, has acquired Drivewyze, which has made its mark mainly in weigh station bypass.
The acquisition for an undisclosed price closed Friday.
It is Bestpass’ third significant acquisition in the FreightTech space in the past several years. Bestpass in November acquired Fleetworthy Solutions, with its focus on helping fleets meet compliance requirements. In 2022, it bought ExpressTruckTax, a Heavy Vehicle Use Tax e-filing...
https://www.freightwaves.com/news/bestpass-acquiring-drivewyze-in-expansion-of-freighttech-offerings
$10M suit in Georgia truck accident moved to federal court
A $10 million lawsuit by a Georgia man who says he was badly injured when his pickup was struck by a semi driven for an amusement rides company has been transferred to federal court in Georgia.
The suit, first filed June 6 in Muscogee County Superior Court in Georgia, moved to the U.S. District Court for the Middle District of Georgia on Friday, according to documents in the case.
The suit alleges a truck driven by James Lawrence Butcher for Awesome Amusements Inc. “suddenly, and without warning...
https://www.freightwaves.com/news/10m-suit-in-georgia-truck-accident-moved-to-federal-court
Using advanced tech to navigate the Drug & Alcohol Clearinghouse
Nearly four years after the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse was established, it continues to have a significant impact on the trucking regulatory landscape.
Michael Precia, president and chief strategy officer at Fleetworthy Solutions, joined FreightWaves in an interview to discuss the clearinghouse’s impact on the industry and its goal of improving safety on the road.
“The intent of the program was to shine a light on what could be called a black hole...
https://www.freightwaves.com/news/using-advanced-tech-to-navigate-the-drug-alcohol-clearinghouse
Georgia bill would restrict truck-crash lawsuits against insurers
A bipartisan measure that would largely protect insurers from being sued directly after crashes involving trucks is on its way to Georgia Gov. Brian Kemp for his signature or veto.
The state House of Representatives passed the bill 172-0 on Monday after the legislation passed in the Senate by a vote of 46-2. Backers say that no longer permitting direct lawsuits against insurers would expand the beleaguered insurance market for trucking companies and lower premiums, media outlets reported.
Insuranc...
https://www.freightwaves.com/news/georgia-bill-would-restrict-truck-crash-lawsuits-against-insurers
Seatbelt use can now be used as evidencein accident lawsuits in Indiana
Gov. Eric Holcomb of Indiana on Monday signed into law a bill that allows a plaintiff’s failure to use a seatbelt to be introduced as evidence in vehicle accident lawsuits. The bill permits juries to reduce damage awards based on that information.
House Bill 1090 has drawn praise from Chris Spear, president and CEO of the American Trucking Associations. After legislators passed the bill in February, Spear said the existing law forbidding seatbelt use as evidence leaves jurors with incomplete...
Bills in Wisconsin, Indiana could reduce nuclear verdicts against carriers
A newly passed bill in Wisconsin would limit non-economic damage awards in lawsuits involving commercial vehicle accidents, and Indiana lawmakers have passed a bill that would allow a plaintiff’s seatbelt use to be entered as evidence in accident lawsuits.
Both bills, which have implications for multimillion-dollar nuclear verdicts against trucking companies, now go to the states’ governors for their signatures.
The Wisconsin bill would cap nonmonetary damages — such as pain and suffering — at $1...