U.S. personal and commercial auto insurer liability claim payouts combined were $96 billion to $105 billion higher between 2013 and 2022 because of social and economic inflation, according to a new Insurance Information Institute (Triple-I) study.
Tag: commercial auto liability
Texas House Bill Could Shield Companies from Liability after Commercial Vehicle Crashes
People affected by crashes causing bodily injury or death involving commercial motor vehicles would find it harder to win damages from companies under a bill that was approved by the Texas House and is making its way through the Senate. Commercial motor vehicles include 18-wheelers, Uber and Lyft vehicles, delivery trucks and any other vehicle… Continue reading Texas House Bill Could Shield Companies from Liability after Commercial Vehicle Crashes