Latest Trucking Headlines
All the headlines from our Trucking Topic Page, ordered by recency.
Chicago’s Specialty Underwriters’ Alliance Expands to Include Trucking
Mar 20 2006 // Specialty Underwriters’ Alliance, Inc. today announced that it amended its Partner Agent Program Agreement with American Team Managers to include specialized local and intermediate trucking. ATM will provide...
OneBeacon Launches Online Marine Cargo Insurance Service
Mar 2 2006 // The Boston-based OneBeacon Insurance Group announced that its ocean marine division — International Marine Underwriters (IMU) — has launched a new Web-based cargo insurance service platform:...
St. Paul Travelers Sets Sail with Automatic ‘All Risk’ Ocean Cargo Policy
Feb 8 2006 // Automatic all risk coverage with comprehensive extensions for international shipments is now available through Cargo Elite, a new Ocean Cargo policy introduced by St. Paul Travelers, a U.S. provider of Ocean Marine...
Conn. AG Blumenthal Proposes Trucking Safety ‘Hall of Shame’
Feb 7 2006 // If conscience and good business practices are not enough to make Connecticut trucking companies comply with safety regulations, Attorney General Richard Blumenthal hopes the threat of public humiliation will do the...
Organized crime targets cargo containers
Feb 6 2006 // The Federal Bureau of Investigation conservatively estimates that cargo theft costs about $18 billion a year, while the General Accounting Office pegs the number between $20 billion and $60 billion a year. This figure...
Caution: Motor truck cargo insurance not for rookies
Feb 6 2006 // Transportation insurance and, more specifically, motor truck cargo insurance are not fields where an agent should dabble without some expertise. The specific nuances in this class of insurance lead to extensive errors and...
How courts are viewing motor carrier cargo disputes
Feb 6 2006 // The Second Circuit Court of Appeals has ruled that the BMC-32 Endorsement [Bureau of Motor Carriers attachment] does not apply to contract carriage for shipments taking place after Jan. 1, 1996, the effective date of the...
Cautionary tale on switching cargo
Feb 5 2006 // Agents new to the transportation insurance field must be careful of exclusions-especially when it comes to motor truck cargo. This frequently arises where an agent is switching coverage from one carrier to the next. Maybe...
Closer Look: Motor Carrier Cargo
Feb 5 2006 // Producers advised to work closely with a wholesaler or carrier that knows transportation contracts Transportation insurance and, more specifically, motor truck cargo insurance are not fields where an agent should dabble...
Closer Look: Motor Carrier Cargo
Feb 5 2006 // Although the Carmack Amendment provides that the cargo owner’s sole remedy is for “actual loss or injury to the property,” the courts have consistently held that consequential or special damages are...
Organized crime targets cargo containers
Feb 5 2006 // The Federal Bureau of Investigation conservatively estimates that cargo theft costs about $18 billion a year, while the General Accounting Office pegs the number between $20 billion and $60 billion a year. This figure...
In Conn., Victims, Trucking Firm Team Up Against Insurer to Claim Coverage
Jan 31 2006 // Lawsuits stemming from a deadly crash at the base of Avon Mountain in Connecticut last July have led to an unlikely alliance between the victims and the owner of the trucking company at the center of the litigation. To...
Fireman’s Fund Specialty Expands Freight Forwarders Program
Jan 26 2006 // Fireman’s Fund Insurance Company has introduced a new insurance package offering combinations of shippers interest, bailee, legal liability, and errors and omissions (E&O) coverages for freight forwarders. The...
National Advantage Adds Truckers General Liability
Jan 25 2006 // National Advantage Insurance Services Inc., Tustin, Calif., has added a new program for truckers general liability in Arizona, California, Oregon and Nevada. The program is underwritten by an A.M. Best non-admitted carrier...
N.H. Trucker Caught Paying ‘Under the Table’ to Avoid Comp Costs
Dec 7 2005 // A trucking company owner in Hudson, N.H. has pleaded guilty to federal charges that he conspired to defraud the Internal Revenue Service and Transportation Department and his workers compensation insurance carriers. The...
Healthy Competition, Safety Technology Drive Commercial Auto Market
Dec 5 2005 // According to conventional wisdom, 2004 was the first year in the past 16 where insurers finally broke through and made an underwriting profit on commercial lines auto. The breakthrough came after a year, 2003, which saw...
Healthy Competition, Safety Technology Drive Commercial Auto Market
Dec 4 2005 // According to conventional wisdom, 2004 was the first year in the past 16 where insurers finally broke through and made an underwriting profit on commercial lines auto. The breakthrough came after a year, 2003, which saw...
Truckers Balk at Passport Requirement
Nov 25 2005 // Nearly a year after President Bush signed the Intelligence Reform and Terrorism Prevention Act, the trucking industry is seeking flexibility in the act’s regulatory implementation so that commercial drivers are not...
Motor Carriers
Nov 21 2005 // Nuts & Bolts: Lexington Insurance Company, a member company of American International Group Inc., introduced Lex TransportPlus, a new product suite encompassing two policies: Motor Truck Cargo and Vehicle Physical...
Torts Drive Commercial Auto in Heartland, Elsewhere
Nov 20 2005 // Insurers like writing commercial auto business, and most lines of business, in the Midwestern states because of market stability and a favorable legislative and regulatory climate. But even in this typically stable line of...
