While the use of telematics-based insurance to date has primarily been seen in monitoring personal-vehicle use, insurers are increasingly relying on the underwriting tool in the commercial-fleet and trucking industries.
As telematics data becomes an increasingly valuable and more widely accepted tool for writing risks, its adoption is rapidly growing in the commercial sector.
The day after more than a dozen tornadoes tore through the Dallas-Fort Worth area, throwing tractor-trailers like sticks into the air and peeling roofs from homes, residents and business owners are picking up the pieces.
The day after more than a dozen tornadoes tore through the Dallas-Fort Worth area, throwing tractor-trailers like sticks into the air and peeling roofs from homes, residents and business owners are picking up the pieces.
A rise is cargo theft reporting in 2011 is the result of more data-sharing between law enforcement and the transportation and insurance industries, says CargoNet.