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Business Insurance: Pandemic-Related Coverage and California Business Interruption During COVID-19

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BUSINESS INSURANCE: California Business Interruption/Loss Of Income Insurance During COVID-19 Business Interruption Plans and Pandemic Exclusions Normal business interruption plans do not cover losses from contagious diseases like COVID-19 or pandemics. These plans were not designed to address pandemic-related coverage, according to a report sent by major insurance organizations to California’s congressional delegation on Thursday.…

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Coronavirus Impact: Trucking Declines as Diesel Prices Fall 3.1 Cents – Transportation & Livery

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China And Coronavirus Hurts Trucking, Decreases Cost Of Diesel In US Diesel Prices Drop Amid Coronavirus Impact on the Economy The coronavirus pandemic has had a significant impact on various industries worldwide, including the trucking industry. According to the Energy Department’s report released on March 2, the average U.S. diesel retail price fell by 3.1…

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Transportation Insurance – Aviation: When Is The Report For Kobe Bryants Fatal Crash Expected?

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Aviation – Transportation Insurance: The helicopter pilot who crashed and killed Kobe Bryant and eight others was almost out of blinding clouds when he reportedly plunged and crashed into a hillside in Southern California. NTSB Investigation Update According to an investigation update released Friday by the National Transportation Safety Board, Ara Zobayan had told air traffic…

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Livery Insurance 101: Ride Sharing Platform Uber Wins Big Ruling In Brazilian High Labor Court

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Livery Insurance – Ride Sharing Insurance- Drivers Status The Brazilian High Labor Court ruled Wednesday that no work arrangement exists between Uber and its Sao Paulo drivers. This is major news in the industry for livery insurance. Brasilia’s Federal judge ruled that Uber drivers are able to disconnect from the app at any time and hold a…

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Chadwick Of Kelt Found Fraudulently Financing Commercial Trucking Premiums From Tepco – Trucking Insurance 101

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Trucking Insurance – Insurance Premium Financing Fraud: In Spokane County Superior Court this week, Edward J. Chadwick, of Yakima, Wash., was charged with first-degree theft. Chadwick was an insurance producer, and owned a trucking insurance agency called Kelt, selling trucking insurance primarily to transport companies. He was indicted after an investigation by the Criminal Investigations Unit of Washington…

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Trucking Insurance – Livery Insurance: Insurance Premium Hikes Are Causing Big Disruptions In The Flow Of Trucking Business

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Trucking Insurance – Livery Insurance: Premium Increase. Substantial trucking insurance costs impact the trucking company and create a financial burden for businesses already facing the downturn in freight demand. Since losses payout of $10 m or more for Insurers, brokers warn that liability policy costs have increased and will continue to increase.Last year, trucking companies reported double-digit…

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Truck Drivers – New DOT Drug Screening Impositions Making Their Way Into Trucking

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Truck Drivers Drug Screening: In WASHINGTON, DC, truck drivers will soon face oral fluid monitoring for illegal substances under a new U.S. regulation. Health, and Human Services Agency the Department of Health and Human Services. Oral Fluid Specimens in Federal Drug Testing   New U.S. rule mandates oral fluid drug tests for truck drivers, with…

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Best Trucking Insurance Tips – Livery Insurance: Insurance Loss Runs & How To Calculate Loss Ratio.

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Trucking Insurance – Livery Insurance: Loss History. What’s Loss Ratio? Loss Ratio (LR) of an Insured is the total actual paid insurance claims (including Claims expenses) on an insurance policy; compared to the actual total premium collected by the insurance carrier, for the same period. Loss Runs Report Normally LR is measured over a period of…

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What’s Going On With AB5 In California (The Downfall Of Trucking, And Other Independent Contractors)

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Trucking Insurance – Livery Insurance: New Bill To Enforce Workers Comp Insurance. California’s AB 5 faced a roadblock when a federal court temporarily blocked truck drivers from enforcing the new law. California passed Assembly Bill 5 last year, which became effective on Jan. 1. The new law, widely known as AB 5, creates a strict…

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California Assembly Bill 5

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Enforcing Workers Comp Insurance In CA An act to amend Section 3351 of, and to add Section 2750.3 to, the Labor Code, and to amend Sections 606.5 and 621 of the Unemployment Insurance Code, relating to employment, and making an appropriation therefor. What Is The California Assembly Bill 5? The California Assembly Bill 5 was…

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