
The Federal Motor Carrier Safety Administration is setting an Oct. 1 deadline for compliance with new requirements for brokers and freight forwarders. In a Federal Register notice Thursday, the agency laid out its plan for implementing the terms of last year’s highway law, including a $75,000 bond requirement.
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On Friday, Rep. Matt Cartwright (D-Penn) introduced a bill that would raise the required insurance minimum for motor carriers, dubbed the Safe and Fair Environment on Highways Achieved through Underwriting Levels Act (H.R. 2730) otherwise known as “SAFE HAUL."
Read More →Many insurance underwriters, happy to have a new tool to give them data on customers, are putting too much emphasis on CSA scores when it comes time to writing policies. This could mean higher premiums, higher deductibles, and even a case where some underwriters won't even consider insuring your company.
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A group of trucking companies released research indicating that the federal insurance requirement for the industry is too low, but others such as ATA and OOIDA disagree. The Trucking Alliance, a group of seven carriers that lobby for safety legislation on Capitol Hill, found that the dollar settlements in some cases were far above the $750,000 minimum federal insurance requirement.
Read More →April is Distracted Driving Month, and research by Erie Insurance shows that daydreaming, or being "lost in thought," is far worse than cell phone use when it comes to distracted-driving crashes, Deborah Lockridge reports in her "All That's Trucking Blog."
Read More →Your customers rely on you to deliver, and by keeping your vehicles on the road, your business will be more profitable. Simply stated, time is money. Within the world of commercial auto insurance, we've found that there are some common misconceptions that could cost your business time and money
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With a hard market on the way for the insurance industry, it's more important now than ever to shore up your safety program (although developing a safety culture should always be a focus, no matter what the market conditions.
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