Insurance News
Business Auto Liability: Key Changes and What They Mean for Your Business in 2025
Auto Insurance Changes in 2025: What Businesses Need to Know As we enter 2025, changes in auto insurance regulations and pricing will impact businesses that rely on vehicles. Two key changes are significant: the increase in California’s minimum liability coverage and the projected rise in premiums nationwide. Here’s what businesses need to know. California’s Increased…
Read MoreTruckers Auto Liability: How Trump’s Relaxed Emission Standards Benefit Your Trucking Business
Trump Eases Emission Standards: Positive Impacts for Trucking and Your Business In 2025, the Trump administration made a significant move by easing emissions standards for commercial trucking. This change directly benefits trucking companies, offering more flexibility and potential savings. By relaxing these regulations, businesses in the trucking industry can focus on growth and operational improvements…
Read MoreWinter Safety for Business: Protect Your Operations and Vehicles
Insurance Safety Tips for Winter: Protecting Your Business, Vehicles, and Workforce Winter is here, bringing icy roads, snowstorms, and freezing temperatures that can create hazardous conditions for businesses, drivers, and workers. At SaberLines Insurance, we understand the challenges that come with the season and want to help you prepare for a safe winter. Here are…
Read MoreBusiness Insurance: Pandemic-Related Coverage and California Business Interruption During COVID-19
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.…
Read MoreTransportation Insurance – Aviation: When Is The Report For Kobe Bryants Fatal Crash Expected?
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…
Read MoreChadwick Of Kelt Found Fraudulently Financing Commercial Trucking Premiums From Tepco – Trucking Insurance 101
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…
Read MoreBest Trucking Insurance Tips – Livery Insurance: Insurance Loss Runs & How To Calculate Loss Ratio.
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…
Read MoreWhat’s Going On With AB5 In California (The Downfall Of Trucking, And Other Independent Contractors)
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…
Read MoreTrucking Insurance – Livery Insurance: P&C Insurance Premiums Steadily Rising In 2018…
Trucking Insurance – Livery Insurance Premiums Up! As losses occurred heavily in 2017 in Property and Casualty (P&C) and Livery Insurance coverage, premiums are set to rise as companies adjust to major loss impacts. The market setbacks have forced insurers to revise pricing structures to accommodate these losses. These increases are necessary for the industry’s…
Read MoreTrucking Insurance-Livery Insurance-Business Insurance Rates Are Up 2% This Quarter…
Business Insurance Rates: Rising Claims in TransportationThe trend of claims in transportation is showing a significant increase. This has led to higher business insurance premiums. The transportation sector faces numerous challenges, including rising fuel costs and ongoing supply chain issues. The increase in accidents, cargo damage, and claims further contributes to the rise in rates.…
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