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Financial & Insurance Insights

Financial & Insurance Insights

Financial & Insurance Insights

Understanding Trucking Insurance Made Simple

Insights on Driver Training and Insurance Risk Nick Saeger, assistant VP of pricing and product in Sentry Insurance Co.’s transportation division, directly addressed the significance of driver training. He remarked that insurance companies often find themselves dealing with legal issues related to a

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Financial & Insurance Insights

Understanding Dump Truck Accident Settlements

Following a dump truck accident, victims often face intricate legal challenges and considerable financial implications. Gaining insight into the usual settlement ranges helps victims anticipate possible compensation and effectively strategize with their legal representatives. Statistics on Large Tru

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Financial & Insurance Insights

Top 12 Trucking Factoring Companies

Freight factoring companies, also known as trucking factoring firms, provide cash to trucking businesses in exchange for their unpaid invoices. These companies can be valuable for trucking operations needing quick working capital or lacking personnel to handle invoicing and collections. However, it’

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Financial & Insurance Insights

Truck or Car Insurance Comparison Guide

Images by Getty Images; Illustration by Austin Courregé/Bankrate Is It More Affordable to Insure a Truck or a Car? Generally, the cost to insure trucks is similar to that of cars. According to Bankrate’s analysis, the average annual premium for full coverage on pickup trucks is around $2,424, while

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Financial & Insurance Insights

Impact of Rising Premiums on the Trucking Industry

In 2023, the trucking industry faced rising costs, notably due to increasing insurance premiums, even as accident rates fell. According to the American Transportation Research Institute (ATRI) in its 2023 cost of trucking report released on June 18, truck insurance premiums increased by 12.5% year-o

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