A battle is shaping up over the efforts of the federal truck safety agency to raise the minimum financial responsibility requirements for motor carriers, something which has not been done since the 1980s.
A battle is shaping up over the efforts of the federal truck safety agency to raise the minimum financial responsibility requirements for motor carriers, something which has not been done since the 1980s.
With the delivery of warning letters to motor carriers from the Federal Motor Carrier Safety Administration still months away, transportation insurers are struggling to determine how to react.
A new government system monitoring motor-carrier safety will achieve a long-term goal of reducing crashes, experts agree, but it may have a short-term impact of driving up loss severity for inattentive insurance carriers, some warn.
Transportation attorney Robert Moseley sees insurers neglecting to charge premium for an exposure they incur when they write policies for interstate motor carriers for hire.
A new government system monitoring motor-carrier safety will achieve a long-term goal of reducing crashes, experts agree, but it may have a short-term impact of driving up loss severity for inattentive insurance carriers, some warn.
In the World War II movie comedy Operation Petticoat, submarine supply officer Tony Curtis disappears during an enemy air raid on a remote base. His reason: "In confusion, there is profit." While most saw only the danger of the enemy
In the past few years, the business press has been full of articles about private equity investors buying big companies and then making them even bigger. Below the media's radar, however, the nation's small