"For-Hire Trucking: The Risky Road Ahead" Webinar
Advanced driver assistance systems and safety technologies are fundamentally changing how insurers assess risk in the trucking industry.
Insurers are developing new insurance products specifically aimed at helping mid-size trucking operations, breaking from the traditional focus on large fleets.
The trucking industry faces a critical shortage of approximately 60,000 drivers, according to American Trucking Association projections. This shortage is expected to worsen to 160,000 by 2030 as freight demands increase and aging drivers retire.
In a groundbreaking move, New Jersey became the first state to raise minimum insurance requirements for auto carriers to $1.5 million. This change effectively doubles the FMCSA requirement and raises questions about whether other states will follow.
Camera technology has become essential in defending against litigation and controlling costs in the trucking industry.
