Accidents between commercial vehicles and personal vehicles are more complex and result in more severe damages. Accident claims between passenger vehicles and a large truck, commercial vehicle or tractor-trailer can result in critical injuries and damage to vehicles, and can be incredibly complex to resolve. (Photo: jtevians/Adobe Stock)

Year after year, nuclear verdicts make headlines redefining what makes for a “landmark” auto liability settlement. For instance, in 2018, a Texas jury awarded $101 million to a man who was severely injured in a crash with a cement truck. However, three years later, a Missouri jury awarded $113 million to a woman who was severely injured in a crash with a commercial truck. Simply put, accident claims between passenger vehicles and a large truck, commercial vehicle or tractor-trailer can result in critical injuries and damage to vehicles, and can be incredibly complex to resolve.

These events and the claims litigation processes that follow cannot be approached in the same manner as an accident involving two passenger vehicles and therefore, require the expertise of transportation claims and risk specialists. These professionals understand the challenges trucking companies face such as social inflation, litigation funding, rising insurance premiums and other operational demands such as truck maintenance and safety training. The specialists can make all the difference in minimizing the financial impact and unnecessary risk when responding to and investigating, handling and defending an accident.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

The British Legal Awards (BLA) 2023Event

Celebrating achievement, excellence, and innovation in the legal profession in the UK.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.