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Financial & Insurance Insights
For many years, the Owner-Operator Independent Drivers Association (OOIDA) has played a crucial role in the trucking sector, not only due to its advocacy efforts but also as a prominent provider of affordable commercial truck insurance specifically for independent owner-operators. Empowering Indepen
Importance of API Integrations for Trucking Telematics API integrations play a vital role for companies in the trucking telematics sector. They facilitate smooth communication between different systems, enhance operational efficiency, enable precise tracking of fleet activities, and allow for integr
Federal Charges Filed Against Individuals Linked to California Insurance Company OAKLAND, Calif. — Three individuals associated with a now-defunct California insurance agency, which specialized in automobile liability insurance for truck drivers and small trucking firms, have been indicted on fraud
A new bill proposing a 566% increase in minimum liability insurance for motor carriers has re-entered Congress. On December 22, Representative Jesus “Chuy” Garcia, a Democrat from Illinois, introduced the Fair Compensation for Truck Crash Victims Act, which aims to raise the required minimum insuran
Gallagher’s recent analysis of commercial insurance trends highlights several significant challenges that trucking fleets are expected to encounter by 2025, including escalating claims costs, risks associated with artificial intelligence (AI), and geopolitical instability. The cost of insurance clai
You might experience yet another delay with the package you were anticipating. The ongoing Red Sea crisis, characterized by continuous assaults on commercial shipping, has had ripple effects on global supply chains, particularly since 30% of the world’s container traffic passes through the Suez Cana
This article is brought to you by IBN, a versatile communications organization focused on linking public companies with the investment community. Partnership Announcement LOS ANGELES – (NewMediaWire) – December 2, 2024 – Mullen Automotive (NASDAQ: MULN) has revealed a partnership with Emerald Transp
Trucking updates and highlights for Monday, January 15, 2024: New Bill Proposed to Increase Minimum Trucking Insurance A familiar pattern is unfolding in Congress as a new bill has been unveiled that aims to raise the minimum liability insurance requirements for interstate motor carriers from $750,0
New Jersey has significantly raised its minimum insurance levels for truck coverage. (Photo: Jim Allen/FreightWaves) New Jersey’s Insurance Requirement Increase: Recently, a law in New Jersey mandates that large commercial vehicles must now carry a minimum insurance coverage of $1.5 million, a signi
