In early March, a tractor-trailer carrying aload of HP laptops smashed through a guardrail, swerved off Highway401 near Woodstock, Ontario, and plunged into the icy Nith River.Anand Vora, 38, and 37-year-old Jasit Sandhu, the two team driverstasked with transporting this high-value cargo across the Canadianborder from Chicago to Mississauga, didn't make it out alive.
This tragic incident represents one of the most costly types ofMotor Truck Cargo (MTC)-related claims insurers see most often,says Helen Leonard, product director for Inland Marine, Americas,at Allianz Global Corporate & Specialty (AGCS) in NewYork.
After collision, the next-costliest MTC claims are cargo theftand then fire, Leonard says; frequent accident claims involvebad-weather collisions with other trucks, cars and guardrails, androllovers are common. Collisions of this sort “will make them goright off the road and tip over,” says Leonard.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
