Increased claims costs and litigation, coupled with high verdicts and settlements, are driving up Commercial Automobile insurance costs. Another factor behind rising insurance costs is late or unreported accident claims. There are various reasons why waiting to file the first notice of claim with an insurance company or not filing at all increases costs. The … Continue reading “Late or Unreported Reporting Trucking Accident Claims Drive Up Insurance Costs”
Beginning November 18, 2024, State Driver Licensing Agencies (SDLAs), such as the California Motor Vehicle Department, will be required to remove the commercial driving privileges of drivers in a “prohibited” status in the Drug and Alcohol Clearinghouse. According to the Federal Motor Carrier Safety Administration (FMCSA), the Clearinghouse was established as Phase I in January … Continue reading “Great Ready for FMCSA Drug and Alcohol Clearinghouse II Rule”
When moving goods, whether within your state or across the country, you face significant risks, particularly concerning the cargo you transport. Cargo damage, theft, or loss during transit can result in costly claims against your trucking company. According to Overhaul Risk Advisory Services, in 2023, there were 1,183 reports of cargo thefts, each averaging a … Continue reading “Limit Your Liability When Transporting Cargo”
Supervisors overseeing CDL drivers must undergo mandatory training to recognize signs of drug and alcohol misuse and comply with FMCSA and USDOT regulations. Training ensures your team maintains road safety and fulfills federal requirements. Supervisor Training Requirements Employers must ensure that all personnel assigned to supervise drivers (CDL) obtain at least 60 minutes of alcohol … Continue reading “Are You in Compliance with Mandatory DOT Supervisor Training for CDL Drivers?”
The Federal Motor Carrier Safety Administration (FMCSA) has issued an alert regarding a new fake email sent to registered Carriers pretending to be the FMCSA. The phishing email requests that motor truck carriers complete the forms attached to the email. The forms ask for an individual’s Social Security number and USDOT PIN. In some cases, … Continue reading “The FMCSA Issues Another Phishing Alert”
Many motor carriers deal with high-frequency accidents, which are unplanned incidents involving a potential loss. These may include accidents while turning or backing the truck into an object. These accidents can result in vehicle damage, property damage, damaged reputation, loss of drivers, and the potential of more severe crashes, including injuries and serious liability exposures. Take … Continue reading “Minimize High-Frequency Accidents on the Road”
Weather researchers are predicting an explosive Atlantic hurricane season this year. Forecasters at the National Oceanic and Atmospheric Administration (NOAA) predicted an 85% chance of an above-normal season, with 17 to 25 total named storms. Of those, eight to 13 are forecasted to become hurricanes (winds of 74 mph or higher), including four to seven … Continue reading “Hurricane Preparedness for Trucking Operations”
In May 2021, Rule 2305, the Warehouse Indirect Source Rule (ISR), also known as the Warehouse Actions and Investments to Reduce Emissions (WAIRE) Program, was adopted for warehouses with at least 100,000 square feet of indoor floor space in a single building located in the South Coast Air Basin (SCAB). SCAB is one of several … Continue reading “Inside the Warehouse Indirect Source Rule or WAIRE”
Buying insurance to protect your trucking operation is a serious business. Here are the top 10 pitfalls to avoid when looking for coverage. Working with a generalist insurance agency. Trucking is a niche business and requires an agency that understands your operation, the exposures you face, and how to address them. You want an insurance … Continue reading “Top 10 Mistakes Truck Owners Make When Choosing Insurance Coverage”
Insurance companies are leveraging big data to assess risk factors, identify trends, and personalize coverage options for trucking operations. IBM defines big data as “a combination of structured, semi-structured and unstructured data that organizations collect, analyze and mine for information and insights.” It’s used in machine learning projects, predictive modeling, and other advanced analytics applications. … Continue reading “How Insurers Are Leveraging Big Data for Truckers”
