Insuring Young Truckers Depends On Experience and Safety History
The widely held belief that commercial drivers under the age of 25 cannot be insured is a myth, but it will be expensive. A new rigorous Safe Driver Apprenticeship Pilot…
The Beginning of the End for Reptile Theory in Crash Litigation
For over a decade, the Reptile Theory continues to be a major cause in nuclear verdicts that cause commercial trucking insurance rates to increase every year. Up to now, plaintiff…
Commercial Trucking Insurance Agency ‘NIS’ Rebrands to CNS Insurance
After years of substantial growth and the increased client demand for DOT regulatory compliance, CDL training, and healthcare services, Northern Insurance Specialists (NIS) is rebranding as CNS Insurance. This change…
What Is Considered Commercial Trucking Insurance Fraud and How to Avoid It
Each year, trucking insurance fraud is estimated to make up billions of the FBI’s $40 billion per year estimate of all insurance fraud (excluding health insurance). We know that commercial…
How FMCSA’s Possible Safety Measurement System Changes Will Affect Trucking Insurance
Actively managing the Safety Measurement System (SMS) scores is crucial to motor carriers, underwriters, and how risk is measured in the trucking industry. It will only become more central to…
How To Protect Yourself from Staged Accidents and Fraudulent Insurance Claims
Establish a driver training program that covers defensive driving, accident response, emergency maneuvers, safe night driving, what to do in a breakdown, and more. Staged accidents are fraudulent vehicle accident…
How To Benefit from Loss-Run History for Trucking Insurance Rates
If you have been a carrier for a while, then you know that your company’s loss-run history is important when renewing or shopping for insurance. Insurance companies use your loss…
Truck Broker Liability Coverage: Take Broker Bonds one step further
The freight brokerage market is poised to grow by $41.47B between now and 2024. Truck or freight brokers have special coverage needs because they are acting as freight agents for…
Will Omicron Lower 2022 Trucking Insurance Rates if it Spreads?
Last year’s ATRI report, “Analysis of the Operational Costs of Trucking,” showed the first decline in 5 years for the average insurance premiums cost per mile. Before the pandemic, it…
Other Drivers’ Risky Behaviors can Affect your Insurance Rates
Distracted driving is a major issue among all types of drivers but is an especially important concern for commercial motor vehicle drivers as it can lead to accidents, injuries, death,…
