The truck driving industry needed 60,800 more drivers at the end of 2018 to meet the country’s demands for freight services, a new report by the American Trucking Assn. (ATA) found. Since 71.4% of all freight tonnage is moved on U.S. highways, the shortage is a problem for the entire supply chain, ATA noted. “Over… Continue reading Truck Driver Shortage Reaches Highest Level Ever
Tag: transportation insurance
Trump Administration to Ease Truckers’ Drive-Time Rules
Truck driver Lucson Francois was forced to hit the brakes just five minutes from his home in Pennsylvania. He’d reached the maximum number of hours in a day he’s allowed to be on duty. Francois couldn’t leave the truck unattended. So he parked and climbed into the sleeper berth in the back of the cab.… Continue reading Trump Administration to Ease Truckers’ Drive-Time Rules
W. R. Berkley Corporation Forms Berkley Prime Transportation, Announces Executive Appointment
W. R. Berkley Corporation today announced the formation of Berkley Prime Transportation, which will focus on providing primary commercial transportation insurance products countrywide for standard and preferred risks. The new division will focus on leveraging analytics and technology to develop new methods of providing quality and responsive service to agents and customers. Jeanne R. Fenster… Continue reading W. R. Berkley Corporation Forms Berkley Prime Transportation, Announces Executive Appointment
U.S. Withdraws Proposal Requiring Event Data Recorders in Cars, Trucks
The National Highway Traffic Safety Administration said Tuesday it is withdrawing a 2012 Obama administration proposal to require event data recorders in all new cars and trucks. The agency, known as NHTSA, had proposed requiring the devices, sometimes known as “black boxes” in all vehicles, but had not finalized it. The agency also proposed in… Continue reading U.S. Withdraws Proposal Requiring Event Data Recorders in Cars, Trucks
Electric Scooter Injuries Pile Up but Lawsuits Are Hard to Make
Over the past few years, cities across America have experienced sudden downpours of shared electric scooters, piling up almost overnight on curbs, sidewalks and front-yards from Atlanta to Los Angeles. The phenomenon has quickly built billion-dollar startups, a new urban subculture and even a gray market for freelance scooter-chargers. But as with everything new, it’s… Continue reading Electric Scooter Injuries Pile Up but Lawsuits Are Hard to Make
Pembroke Pulls Out of Cargo Business
Under review Pembroke Managing Agency has jettisoned its cargo business, according to The Insurer. The Liberty-owned managing agency – which acquired Pembroke when it purchased lronshore in May 2017 – underwrites cargo business through Lloyd’s syndicate 4000. The cargo team is headed up by divisional director Andrew Corton, who joined Syndicate 4000 in 2012. Corton… Continue reading Pembroke Pulls Out of Cargo Business
Injured Scooter Riders Line Up to Sue Bird and Lime, But ‘User Agreements’ Could Shield Companies
Pat Brogan had already picked up considerable speed on a Lime scooter riding downhill on Laurel Street when she said she realized the brakes weren’t working. “I thought I was going to die for sure,” said the 63-year-old Bay Area resident who was visiting family in San Diego. Approaching a red light at a busy… Continue reading Injured Scooter Riders Line Up to Sue Bird and Lime, But ‘User Agreements’ Could Shield Companies
Trump Administration Pushing to Ease Roll-Out of Driverless Cars and Trucks
The Trump administration on Thursday wrapped trucks into its updated driverless vehicle policy, saying it will “no longer assume” that a commercial motor vehicle driver has to be a human or that a trucker — or anyone else — necessarily needs to be in the cab. The administration said it would work to ease the… Continue reading Trump Administration Pushing to Ease Roll-Out of Driverless Cars and Trucks
Marsh and Evident to Launch Blockchain Solution for Sharing Economy
Marsh, a global leader in insurance broking and innovative risk management solutions, today announced that it is developing the first blockchain-based verification solution for clients in the fast-growing sharing and gig economies. Working in collaboration with Evident, a data security platform that allows businesses to run comprehensive, accurate verifications without handling sensitive personal data, the… Continue reading Marsh and Evident to Launch Blockchain Solution for Sharing Economy
Worldwide Facilities Expands Presence in the MGA and Transportation Market with Fifth 2018 Acquisition
WORLDWIDE FACILITIES, LLC a national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce that it has acquired the assets of DRACO INSURANCE SOLUTIONS, INC., a Boston-based program manager, specializing in the public transportation sector. Commenting on the transaction, Davis Moore, CEO of Worldwide Facilities, says, “We are extremely pleased to… Continue reading Worldwide Facilities Expands Presence in the MGA and Transportation Market with Fifth 2018 Acquisition