trucking insurance News

Lyft is a Motor Carrier and State Farm Can Be Sued Directly, Georgia Court Says

Georgia lawmakers this year put an end to direct-action lawsuits against trucking companies’ insurers, but that did not come soon enough to bar litigation brought by people involved in accidents with ride-sharing services. The Georgia Court of Appeals this week …

From the Plaintiffs’ View: Unintended Consequences of SB 426 on Georgia Insurance

For decades, Georgia’s insurance industry has sought to eliminate the long-standing provision allowing trucking-accident plaintiffs to sue insurance companies directly. This was the single most important issue the industry wanted to see addressed by lawmakers. Now, with the passage of …

PCF Insurance Acquires Georgia, Texas Brokerages

PCF Insurance Services, an insurance brokerage operating in 40 states, has acquired All Star Insurance in Venus, Texas, and Encore Advisors, based in Norcross, Georgia. Utah-based PCF said in a news release this week that the moves mark an ongoing …

Georgia Lawmakers Approve End to Direct-Action Suits Against Trucking Insurers

A bill that would end direct-action lawsuits against trucking insurers is rolling toward the governor’s desk after it was approved by the full House of Representatives on Monday. Senate Bill 426, heralded as a way to encourage more insurance carriers …

Move to End Georgia’s Direct-Action Lawsuits vs. Trucking Insurers Gaining Steam

This year could be the year that Georgia joins most other states and repeals its direct-action law that has reportedly caused severe problems for trucking companies needing liability insurance. Several Georgia Republican legislative leaders and the state’s insurance commissioner said …

World Insurance Acquires Trucking Specialist Oakwood/Insure Big Rig of New Jersey

World Insurance Associates announced that it acquired the business of Oakwood Insurance Agency, LLC, also doing business as Insure Big Rig, of Califon, New Jersey on October 1, 2023. Oakwood has been providing trucking insurance to customers since 2011. The …

People: MCIEF Names Heller to Ruke Fellowship

The Motor Carrier Insurance Education Foundation (MCIEF), a nonprofit that educates insurance professionals serving the transportation industry, has named Dave Heller as a Thomas Ruke Fellow. The fellowship honors the most dedicated educators and provides lifetime rights to all foundation …

Digital Trucking MGA Koffie Raises $11M, Eyes Expansion to 10 States

A Brooklyn, New York-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company’s total funding to date to $15.5 million. The round for Koffie Insurance was led by …

Cover Whale Partners With E&S Insurer Everspan to Offer Commercial Trucking

Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance program. Cover Whale offers underwriting and data tracking via its proprietary …

Commercial Auto Insurance Profitability Still Way Down the Road: S&P

U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings report, the sector got a break in 2020 because …