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The Federal Motor Carrier Safety Administration says it's time to raise motor carrier insurance minimums. This week the House of Representatives said, not so fast. Editor in Chief Deborah Lockridge looks at some of the pros and cons in her All That's Trucking Blog.
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UPDATED -- The U.S. House approved an amendment that would stop the Federal Motor Carrier Safety Administration from changing insurance minimums. The amendment is a long way from becoming law but it highlights opposition to the agency even considering a change in the minimums.
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The time has come to take a close look at the minimum insurance requirements for trucking, says the Federal Motor Carrier Safety Administration. In a new report to Congress the agency said it is clear that the current minimums need to be reevaluated.
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McGriff, Seibels and Williams announced the release of TripCargo. TripCargo is an “All Risks” coverage policy and unlike “excess” or “spike” insurance provides coverage on the entire load and limit as selected at purchase on freight moving throughout the continental U.S., Alaska, Hawaii and Canada.
Read More →Hudson Insurance Group has acquired Motor Transport Underwriters an underwriting, claims and risk management specialist in the long-haul trucking arena.
Read More →J.J. Keller & Associates has introduced a safety and compliance analysis and rating system the company says "goes beyond a traditional compliance audit to thoroughly assess a fleet's CSA performance, safety management policies and procedures, and adoption of industry best practices."
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The investment holding company Biglari Holdings has acquired trucking insurance provider First Guard Insurance Co. and its affiliate, 1st Guard Corp.
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The founder and one-time head of a group that sells insurance to truck drivers has been indicted by a federal grand jury for using numerous foreign trusts and secret Cayman Island bank accounts as part of a scheme to avoid paying more than $7 million in income taxes and for lying to federal authorities.
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Healthier employees also can help control the employer portion of healthcare costs. Since hiring only 100% healthy employees isn't a feasible option, many companies are looking at the benefits of an onsite medical care facility to help improve the health of their employees.
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When it comes to trimming the fat out of a fleet's budget, the largest focus tends to be on the largest costs on the balance sheet: fuel, equipment and drivers. But these are not the only areas where dollars can be saved. This web-only series offers tips for savings in insurance, worker's comp and healthcare costs.
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