One day last month our firm received three separate, unrelated subrogation claim files involving serious personal injury, property damage, and a death resulting from tractor-trailers whose drivers had lost control after serving to avoid colliding with a deer on the …
Claims management has always been a combination of art and science. The “science” part tends to be fairly easy to understand, at least at a conceptual level. After all, insurers base a great many of their decisions on statistics and …
SAN FRANCISCO —Alphabet Inc’s GOOGL.O self-driving technology unit Waymo and truck fleet operator C.H. Robinson Worldwide Inc CHRW.O said on Wednesday they would team up to test automated trucks with safety drivers behind the wheels in Texas in the coming …
Dezjion Henson has wanted to be a truck driver his whole life. When he turned 18 last year he jumped at the chance and signed on as an apprentice with Total Transportation of Mississippi, LLC in Richland, Mississippi. “Growing up, …
A sharp decline in claim frequency helped the commercial auto line achieve its best underwriting performance in a decade last year, but rising claim severity threatens to erode profits as traffic returns to US roadways, according to a report released …
Commercial auto is one of the biggest, most problematic cost centers in the insurance industry. Its loss ratios are incredibly high — and growing — particularly in comparison with other P&C lines. This makes it hard for carriers to make …
The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the …
In the last five or six years, trucking companies have watched their insurance rates climb, and many have found the insurance process daunting. Since 2018, trucking insurers have lost around $1.8 billion due to continued pressure from plaintiffs’ attorneys targeting …
Insurers are reporting a 40 to 50 percent drop in claims volume for personal auto and a 30 to 40 percent reduction for commercial auto due to the coronavirus pandemic, an executive for claims-automation provider Snapsheet said Tuesday. Chief Operating …
Amerisure Launches Usage-Based Commercial Auto Coverage Amerisure, a proper and casualty carrier based in Farmington Hills, Michigan, has teamed up with Insurance & Mobility Solutions to launch a fleet usage-based insurance program to Michigan motor carriers. Amerisure said it is …