We could have a debate about who coined the phrase “speed kills.” Usually, when these two words are used it is in reference to excessive speed. As underwriters, we’re wary of [...]
When I was a young underwriter in the ‘80s, I recall insuring a fleet of dump trucks that had a really horrific accident. Their driver lost control and ran up on the sidewalk killing one and [...]
It’s become a cliché. When events seem to conspire to produce bad results, we call it a “perfect storm.” If you’re an owner-operator in 2022 you can probably relate. Rising [...]
According to the all wise Internet, the origin of the phrase “on a slow boat to China” dates from the Great Depression when poker players used it to describe someone who was good at losing. The [...]
ALWAYS report ALL accidents. Right? I realize in the real world very minor accidents causing damage to your truck or trailer that fall within your deductible do happen. Should [...]
As long as trucks have shared the road with cars there have been serious accidents. For most of that time relatively few have resulted in settlements greater than $1 million. That’s [...]
If you are in the market for a used class 8 tractor or truck in 2021, be prepared to pay an average of 50% more than you would have a year ago. That’s according to the May 27, 2021 [...]
What does it cost you to haul freight today? According to the American Transportation Research Institute (ATRI) the average trucking cost in the US is $1.82 per mile. If you’re an [...]