Tag archive: insurance

Fleets Cite Reduced Claims Costs Through Use of Emerging Technologies

A recent article by Seth Clevenger published in Transport Topics explores ways executives can improve fleet safety. Several fleet executives spoke at the 2016 ALK Transportation Technology Summit about how their investments in technology have significantly increased safety and reduced claims costs at their companies. The installation of onboard video cameras, collision mitigation systems, departure…

Insurance Industry Pushes Electronic Logs and Speed Regulators

Driver fatigue received increased attention after comedian Tracy Morgan was critically injured in a January 2014 incident when the limousine he was riding in was struck by a Wal-Mart Stores Inc. tractor trailer whose driver failed to notice traffic slowing ahead. Reports later indicated the truck driver had driven 12-hours to work before starting his…

Risk Management for Trucking and Transportation Companies is About More Than Driver Training and Supervision

When starting any business, especially a family business, the main concern is usually securing enough capital. In that pursuit, however, one thing often overlooked is the protection of those assets through adequate insurance and corporate form (e.g. partnership, corporation, limited liability company). In this article, we examine a recent Illinois case highlighting the potentially devastating…

FMCSA Minimum Insurance Requirement Remains Unchanged For the Time Being

In 1985, the Federal Motor Carrier Safety Administration set a $750,000 minimum insurance requirement for motor vehicle carriers. Earlier in 2014, there was discussion that a new rule would be promulgated raising the limit above $1 million to reflect inflationary rates. The new limit was expected to be released this Fall, but has been delayed…

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