Warren Buffett’s Geico Joins Rivals in Tracking Drivers
Geico has launched a telematics offering, called DriveEasy, in certain states, Credit Suisse Group AG analyst Mike Zaremski said in a research note July 31. A phone app tracks driving habits and gives individuals a score and tips, according to Geico’s website.
Does Your Banking Partner Have These 8 Attributes?
Banks are eager to compete for your business. These eight must-have attributes will help you evaluate and choose a partner that’s dedicated to providing you with the capital, relationships and technology your business needs to keep growing and thriving.
July 2, 2019Lines 'Blurred' Between Longhaul, Local Drivers With Reclassified Workers’ Comp Code, Industry Expert Says
The National Council on Compensation Insurance last year reclassified workers’ compensation codes for motor carriers, a move that somewhat “blurred the lines” between over-the-road truck drivers and the city-local drivers who are home every night, said Sam Tucker, CEO of Carrier Risk Solutions.
May 8, 2019Aging Driver Workforce Increases Workers' Compensation Risks for Fleets, Experts Say
An aging workforce of drivers is elevating the risk of workers’ compensation claims for fleets even as trucking companies are seeing stable or even lower premiums for workers’ compensation insurance, industry experts said.
Apax VIII to Sell Entire Stake in Insurance Broker AssuredPartners
Apax VIII, a fund advised by Apax Partners, will sell its entire stake in insurance broker AssuredPartners to an investor group led by Chicago-based private equity firm GTCR, according to AssuredPartners’ news release.
February 26, 2019CVSA Files 'Friend of the Court' Brief in Chameleon Carrier Case
The Commercial Vehicle Safety Alliance has filed a “friend of the court” brief with the Indiana Supreme Court in a “chameleon carrier” case in which an insurance broker is accused of helping the carrier illegally change its name to escape its bad safety record.
Like Motor Carriers, Truck Insurers Await Changes to Federal CSA Program
With potentially big changes coming to the federal Compliance, Safety, Accountability program, insurance companies are hoping for a better way to identify unsafe motor carriers in an environment where insurers may be paying out much higher claims under the current system while some carriers are battling skyrocketing premiums.
Replay: LiveOnWeb's 'Managing Risk in Trucking'
What techniques are fleets using to pursue lower insurance costs as the Federal Motor Carrier Safety Administration revamps its Compliance, Safety, Accountability scoring system? Our Oct. 17 LiveOnWeb program, "Managing Risk in Trucking," explores this topic. Watch the replay.
October 10, 2018Acquisitions Mark Trend of Truck Insurance Agency Consolidation
AssuredPartners Inc., a Lake Mary, Fla.-based insurance brokerage firm, said it acquired the Roemer Insurance Agency and its affiliate Sunforest Transportation Insurance Group, both based in Toledo, Ohio.
North Carolina Insurance Risk Pool Halves Surcharge
In an effort to soften the blow of a surcharge tacked onto insurance policies for North Carolina truckers, officials with the state’s insurance risk pool have cut in half the surcharge that will plug a $96 million shortfall in the agency’s balance sheet.