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Tow Truck Operators Shift Blame in Price Gouging Debate WASHINGTON — Tow truck operators, responding to accusations of widespread price gouging by their industry, argue that insurance companies share the responsibility for rising costs. The Federal Trade Commission (FTC) addressed allegations of ove
Food Trucks: A Metaphor for Marketplace Evolution PHOENIX–According to one expert, food trucks represent a significant evolution in the marketplace. While street food has always existed, food trucks introduce a mobile dining experience that utilizes social media for location updates, leverages big d
Penske Automotive Group and Rush Enterprises experienced declines in finance and insurance earnings in the third quarter; however, they noted increased sales in various sectors as a positive aspect. Although the commercial trucking sector has recently shown signs of improvement, the third-quarter re
Major Shift in Fleets’ Insurance Expectations SAN FRANCISCO, Aug. 28, 2025 /PRNewswire/ — A significant change is underway in the commercial insurance landscape as 2025 approaches. The newly released 2025 Claims Experience Report indicates that 88% of truck fleet operators believe that the insurance
Financial Management for Growing Fleets emphasized practical finance rather than abstract theories like spreadsheets. The focus was on the reality of business growth and the challenges it poses—particularly when you surpass three to five trucks without a structured financial approach. At that point,
A significant majority of fleets believe that claims services need enhancement, indicating a major shift in commercial insurance expectations. SAN FRANCISCO, Aug. 28, 2025 /PRNewswire/ — Traditionally, commercial fleets have settled for “good enough” insurance, but 2025 marks a crucial change. The l
Nirvana Insurance Secures Funding for Innovative Fleet Solutions Nirvana Insurance, a startup revolutionizing insurance for commercial fleets, is leveraging artificial intelligence, telematics, and Internet-of-Things (IoT) technology, alongside 15 billion miles of trucking data, to develop sophistic
The opinions shared in this article belong solely to the authors and do not necessarily reflect the views of FreightWaves or its associates. This is the second installment of a two-part series on the ongoing trucking insurance crisis. The first article, titled “It’s time for less talk and more solut
Partnership Overview Assurant and Arcadium Technologies have joined forces to enhance the sales process of heavy truck protection products aimed at commercial truck dealers. Integration Benefits This collaboration integrates Assurant’s Heavy Truck Extended Service Contract into Arcadium’s customer r
