To improve fuel efficiency, trucks using wireless technology will follow one another in tight formation with the lead vehicle controlling the throttle and braking of the follower trucks. Welcome to the era of platooning.
Without the commercial trucking industry, the economy could come to a standstill, which makes this segment vital for the insurance industry. But even in the current growing economy, commercial trucking faces serious challenges.
Litigation funding’s impact on insurers can be huge, starting with the potential for nuclear verdicts. Commercial auto insurers consider anticipated risks and predicted losses as part of the calculation in determining premiums.
Auto liability insurance reporting (ALIR) requirements help regulators in many states to match coverage to vehicles, but they’re a heavy burden on insurers.
A presentation by the American Transportation Research Institute (ATRI) introduced research and findings on safety risks in the trucking industry and outlined potential risks and exposures that impact commercial auto insurers.
Are you worried that your policy forms may be inconsistent or outdated? Are you frustrated when you try to find and update forms, or get new products out the door? If so, you may be suffering from wording leakage.
There’s no such thing as a U.S. small-commercial market. State-by-state regulation and business dynamics have led to the development of at least 50 distinct markets.
Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017
Andrew Blancher, director of commercial auto product development at ISO, recently interviewed David Zuby, executive vice president and chief research officer at the Insurance Institute for Highway Safety, on an array of issues surrounding advanced driver-assistance systems(ADAS) and vehicle autonomy. Here’s the first portion of their conversation.
Data from recently reported fatal crashes involving semi- and fully autonomous vehicles suggests that the “self-driving” cars now on the road may represent distracted driving in a new and more dangerous form.
Despite a decline in cargo theft, businesses transporting goods remain at risk as thieves steal tractors, trailers, and containers full of cargo from warehouses, truck stops, parking lots, and even secured yards. Understand current trends.