Trucking Insurance
Coronavirus Impact: Trucking Declines as Diesel Prices Fall 3.1 Cents – Transportation & Livery
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…
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 MoreTruck Drivers – New DOT Drug Screening Impositions Making Their Way Into Trucking
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…
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 MoreCalifornia Assembly Bill 5
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…
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.…
Read MoreTrucking Insurance: In The World Of Trucking And More…
Trucking Insurance – International Effect In The World Of Trucking: Rising Tensions Between China and the United StatesAs China and the United States continue their trade disputes, it is starting to look like a major feud. These two global powerhouses seem to nudge each other into increasing tariffs on goods. This back-and-forth could disrupt global trade…
Read MoreTruckers Fighting Trump About Changes…
Trucking Insurance – ELD Advantage For Truckers: It was odd seeing all these rules take effect from the point of idea to implementation. Many truckers questioned whether it was okay to focus on fighting back. However, it’s essential to examine the bigger picture. The new regulations may seem restrictive at first, but they could offer significant…
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