Tag: transportation insurance

Fleets Should Expect Even Higher Insurance Costs

High cost of insurance for transportation companies

Trucking insurance premiums have been on the rise in recent years and are expected to get worse. “I do see the potential for costs to rise,” Todd Reiser, vice president of the insurance brokerage Lockton Cos., told Transport Topics. “When we really started to see the impact was probably in March or April of 2019.… Continue reading Fleets Should Expect Even Higher Insurance Costs

RLI Transportation Announces Partnership with Samsara

RLI Transportation, a division of RLI Insurance Company, announced today a partnership with Samsara, an Industrial IoT company that provides sensors and software to manage vehicle fleets and industrial operations. The partnership will provide RLI Transportation customers within the large trucking, public auto, and commercial specialty auto industries with enhanced loss control resources through free… Continue reading RLI Transportation Announces Partnership with Samsara

MindMeld Solutions Offers CA Lodging, Transportation Industries Human Trafficking Awareness & PreventionTraining

Colour backlit image of the silhouette of a woman with her hands on her head in a gesture of despair. The silhouette is distorted, and the arms elongated, giving an alien-like quality. The image is sinister and foreboding, with an element of horror. It is as if the 'woman' is trying to escape from behind the glass. Horizontal image with copy space.

New mandatory training for the California lodging and transportation industries has led MindMeld Studios, a national preferred online educational and compliance provider of Sexual Harassment Prevention training for private and public entities, to introduce new “Human Trafficking Awareness and Prevention Training.” Hosted by Cristina Mendonsa, Award Winning Broadcast Journalist with over 30 years’ experience, the… Continue reading MindMeld Solutions Offers CA Lodging, Transportation Industries Human Trafficking Awareness & PreventionTraining

Surging Truck Insurance Rates Hit Freight Operators

High cost of insurance for transportation companies

Soaring insurance costs are taking a toll on the trucking business, adding financial headwinds for carriers already contending with weakening freight demand. Underwriters have been ratcheting up the cost of liability coverage to recoup losses as “nuclear” accident payouts of $10 million or more increase, insurance brokers say. Trucking companies were hit with double-digit coverage… Continue reading Surging Truck Insurance Rates Hit Freight Operators

RLI Transportation Launches Digital Accident Kits

High cost of insurance for transportation companies

RLI Transportation, a division of RLI Insurance Company, announced the launch of its digital accident kits, a new and improved method for customers to report accidents. In addition to traditional accident kits, RLI Transportation insured drivers now have the option of reporting an accident with any internet-compatible device. Customers can simply complete the accident information,… Continue reading RLI Transportation Launches Digital Accident Kits

U.S. Commercial Insurance Rates Increase 4% in Q3

Best rankings on net premiums

U.S. commercial property/casualty insurance rates rose 4% on average in the third quarter of 2019, up from 3% in the second quarter, online insurance exchange MarketScout Corp. said Monday. By industry class, habitational and transportation businesses saw the highest average rate increases at 6% and 7.5%, respectively, MarketScout Corp. said. A “relatively benign” third quarter… Continue reading U.S. Commercial Insurance Rates Increase 4% in Q3

Trucking Industry Raises Alarms on California Gig Economy Legislation

NLRB rule change could impact trucking industry

Trucking industry officials say a California bill aimed at the “gig-economy” business models of ride-hailing companies would upend operations in the state and potentially raise shipping costs by pressing fleets to count as employees the thousands of drivers that now move freight as independent contractors. The state’s Senate and Assembly this week passed legislation that… Continue reading Trucking Industry Raises Alarms on California Gig Economy Legislation

Transatlantic Underwriters Appoints Colby Waltenburg as President

Transportation wholesale insurance brokerage Transatlantic Underwriters (TAU) announced today they have appointed Colby Waltenburg to President. “I’m excited to move into this position and help TAU become a leader of transportation, coast to coast. TAU was fortunate to have Dan Parrish lead the organization to this point and we all wish him well in his… Continue reading Transatlantic Underwriters Appoints Colby Waltenburg as President

Proposed Changes in Drive-Time Regulations Spark Debate Over Trucking Safety

NLRB rule change could impact trucking industry

A recent proposal by the Federal Motor Carrier Safety Administration, an agency of the Transportation Department, would change drive-time rules for truckers. The trucking industry supports the proposal, while critics worry the change could lead to more accidents involving truck drivers. The Federal Motor Carrier Safety Administration said its 129-page proposal, published Wednesday, provides more… Continue reading Proposed Changes in Drive-Time Regulations Spark Debate Over Trucking Safety

Walmart Fights $54 Million Lawsuit Verdict Awarding Drivers Sleeper Berth Pay

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A three-member panel of the Ninth U.S. Circuit Court of Appeals heard oral arguments Aug. 6 in an appeal by Walmart Transportation of a $54 million jury damage award in 2016. The case involves a class-action lawsuit filed by hundreds of former Walmart longhaul drivers who sought payment for 10-hour layover shifts and other employee… Continue reading Walmart Fights $54 Million Lawsuit Verdict Awarding Drivers Sleeper Berth Pay