Insurance

Rising heavy truck insurance costs have become a byproduct of  mounting financial pressures in the trucking industry.

Technology has emerged as a solution for various business disruptions in the new normal; It can help organizations easily overcome the visibility gap in insurance monitoring across a complex supply chain.

Settle, if possible. Don’t take shortcuts on safety. Obviously, avoid truck accidents involving children by any means. And hope that somehow, some way, sensible tort reform is on its way into American courtrooms. Those are some of the suggestions from the American Transportation Research Institute’s (ATRI) new research that confirms that large verdicts against trucking fleets—so-called “nuclear verdicts”—are increasing dramatically, both in number and in size of awards.

Insurance rates for trucking fleets are soaring, sending trucking executives scrambling for coverage even for some of the safest fleets in the land. The reason, according to top trucking executives and transportation attorneys, is the rise in so-called “nuclear settlements” either awarded by a jury or negotiated by attorneys in a wrongful death lawsuit involving a heavy truck.

Learn how in just one month this oil and pipeline construction cargo insurance policy saved them from a catastrophic million-dollar loss.

With its transportation network running through some of the world’s most complicated and high-risk countries in the world, this global shipper of heavy oil and pipeline equipment describes how the right policy saved it from a catastrophic, million dollar loss. Cargo Insurance, Cargo Security

Tony McHarg, AIG’s head of multinational in Asia Pacific, discusses the interconnectivity of multinational businesses operating in Asia Pacific and how best to mitigate the resulting supply chain risk.

Managing supply chain risks is critical to the success of a business, and perhaps most critical in Asia Pacific with its high growth rate, shifting industry trends, increasingly sophisticated consumers and businesses rapidly expanding into the region.

Zurich Insurance and their head of Strategic Business Risk, Linda Conrad, are sharing some interesting insights into the longer-term financial implications of the prolonged West Coast port disruption for retailers across the country.

Our transportation law expert provides shippers with a refresher course in the basic legal principles relating to claims for cargo loss and damage.