"For-Hire Trucking: The Risky Road Ahead" Webinar
The American Transportation Research Institute's annual report showed lawsuit abuse reform reached its highest position in 20 years of industry surveys.
Advanced driver assistance systems and safety technologies are fundamentally changing how insurers assess risk in the trucking industry.
Medical costs have skyrocketed, substantially increasing claims expenses even for basic incidents like broken bones. This cost escalation has prompted carriers to reduce capacity and increase rates dramatically.
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.
California has mandated that all new trucks sold in the state must be zero-emissions by 2045, leading the way in environmental regulation. This landmark legislation signals a broader shift toward sustainable transportation.
