Truck Insurance News

News Posts

Below you will find the recent commercial truck insurance industry related news information.

  • Power up

    Electric trucks are all the rage, but now the focus turns to charging requirements. INDIANAPOLIS, Ind. — The falling cost of battery packs, to less than US$197 per kWh, is the biggest driver of electrification in medium-duty truck applications. That was a message from Jim Castelaz, founder and chief technology officer of Motiv Power Systems, […]Read More »
  • CHP says semi truck lost brakes, leading to 20-car pileup

    Police say that brake failure is to blame for a massive fiery pileup crash in Santa Cruz, California, this morning. The crash happened just before 10 a.m. in the northbound lanes of Highway 1, according to CBS San Francisco. The California Highway Patrol (CHP) says that a truck that was fully loaded with clay or […]Read More »
  • Vermont fueling and paving industries considering “sharing” seasonal drivers in face of “driver shortage”

    The paving and fueling industries in Vermont say that, in the face of a “truck driver shortage,” they may begin loaning each other their truck driving employees. The paving and fueling industries have opposite seasons, summer and winter, leaving many truck drivers without a job during their industry’s “off” months. Because of this and the […]Read More »
  • PMTA Partners With AllyHealth, Offers Telehealth Benefits for Association Members

    Earlier today, the Pennsylvania Motor Truck Association announced that it will utilize AllyHealth as its Exclusive Partner for association members, offering telehealth and wellness communications. According to the Pennsylvania Motor Truck Association (PMTA), it plans to use AllyHealth to better accommodate drivers and offer healthcare solutions that work around their careers and lifestyles. “The Healthcare […]Read More »
  • FMCSA: exemptions will no longer be required for truckers with insulin-treated diabetes

    Truck drivers with properly controlled insulin-treated diabetes will no longer be required to obtain an exemption from the Federal Motor Carrier Administration thanks to a revision of the current federal regulations. The change in rules was announced Tuesday, September 18th and will go into effect on November 19th of this year. Commercial drivers with properly […]Read More »
  • ATRI Releases Findings of New Report Detailing Trucking Costs

    Earlier today, the American Transportation Research Institute announced the findings of its 2018 update to the Analysis of the Operational Costs of Trucking report. Utilizing data provided by motor carriers throughout the country, the report looks at trucking costs from 2008 through 2017 in order to provide the industry with a benchmarking tool as well […]Read More »
  • Seeman Holtz solidifies Florida presence with new acquisition

    Seeman Holtz Property & Casualty has acquired Boca Raton, FL-based JEM Insurance Services. JEM Insurance Services has been in business for more than 13 years, serving the South Florida region. The insurance agency offers personal lines business services including auto, home, and personal property. Considered one of Florida’s fastest growing insurance agencies, JEM is headed […]Read More »
  • Hub snaps up Michigan-based agency

    Hub International has announced that it has acquired the assets of The Right Choice Insurance Agency, which also operates as Woodward Insurance Group. Terms of the acquisition were not disclosed. Based in Warren, Mich., Woodward Insurance is a full-service commercial and personal insurance agency. Woodward Insurance will join Hub Midwest. Company CEO David James will […]Read More »
  • Data helping insurers, government crack down on chameleon trucking companies

    A few weeks ago, WOOD TV 8 in Michigan broadcast an investigative report into what it said was a “chameleon” trucking company that had actually been reborn several times, it alleged, to avoid unsatisfactory safety ratings. That story generated local interest in so-called chameleon carriers, and produced enough discussion that lawyer Steven Gursten of Michigan […]Read More »
  • Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh

    Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.” These average increases were driven by property insurance, which continued to be affected by 2017’s catastrophe losses, as well as financial and professional lines, said Marsh’s quarterly market index report. […]Read More »
  • Insureds misusing their personal vehicles for commercial work? They’re going to get caught

    A technology data company is helping carriers catch out insureds who are misusing their policies by using personal vehicles for commercial work. Alex Young, vice president of risk solutions at Digital Recognition Network (DRN), said the company has contracts with 11 carriers and is in talks with 15 more – which would make up 70% […]Read More »
  • GM Seeks OK for Self-Driving Commercial Vehicle Without Steering Wheel for 2019

    General Motors Co. is seeking U.S. government approval for a fully autonomous car – one without a steering wheel, brake pedal or accelerator pedal – to enter the automaker’s first commercial ride-sharing fleet in 2019, executives said. For passengers who cannot open doors, the Cruise AV – a rebranded version of GM’s Chevrolet Bolt EV […]Read More »
  • Firefighter accused of setting his own truck on fire seeking insurance payout

    A Cal Fire firefighter, his wife and another family member have been accused of torching their truck to get out of an $830 monthly payment and filing a false insurance claim. Eric Jabbar Norwood, 47, Linda Lee Norwood, 53, and Keanna Taylor Norwood, 21, of Hemet, have been charged with arson, using an explosive, filing […]Read More »
  • Some Truck Insurance Companies Now Give Discounts For Good Driving

    Truck insurance can seem like a complex or complicated business. There is a lot of misunderstanding that is involved with the whole insurance industry. Sifting through all of the information can be a chore. Luckily, we have compiled here some of the most helpful truck insurance tips available. You can read them below. When considering truck insurance for a young driver, be sure to check with multiple insurance agencies to not only compare rates, but also any perks that they might include. It also cannot hurt to shop around once a year to see if any new perks or discounts have opened up with other companies. If you do find a better deal, let your current provider know about it to see if they will match.Read More »