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Financial & Insurance Insights
New Jersey’s New Insurance Requirement for Commercial Vehicles A recent amendment to New Jersey law mandates that large commercial vehicles must have an increased insurance coverage of $1.5 million. This change follows years of advocacy from some state legislators, culminating in the bill’s approval
Trucks in Newark, N.J. The new law goes into effect July 1. (georgeolsson/Getty Images) [Stay informed on transportation updates: Subscribe to TTNews.] New Jersey Mandates Higher Insurance for Heavy Trucks The New Jersey Legislature has enacted a law that requires heavy trucks to have a minimum liab
Two Miami-based trucking companies, A1 Transport Network and AB Brothers USA, have sought Chapter 11 bankruptcy protection. Both companies submitted their petitions on Saturday to the U.S. Bankruptcy Court for the Southern District of Florida. A1 Transport Network, headed by Ivan Antigua Escobar as
Fluid Truck Leadership Shakeup Fluid Truck, a startup aiming to innovate the commercial vehicle rental sector, has removed its co-founders, CEO James Eberhard and chief legal counsel Jenifer Snyder, as per sources familiar with the situation. This upheaval, characterized by employees as a hostile ta
CHEYENNE, Wyo., May 28, 2024 /PRNewswire/ — Insurise Capital, a firm specializing in financing solutions for commercial insurance premiums, has announced its strategic shift to Input 1’s Premium Billing Service (PBS). This move aims to improve its service offerings and operational efficiency within
Candace Marley’s Perspective on Cybersecurity Risks Candace Marley, an owner-operator based in Iowa with over ten years of driving experience, recognizes that most trucks function like advanced computers on wheels. While the potential for cyberattacks is a concern among truckers, it is not the prima
Free on Board (FOB) is a shipping term that indicates the point in the supply chain where the responsibility for goods shifts from the seller to the buyer. It is predetermined in purchase orders and clarifies ownership, risk, and shipping expenses. This long-standing shipping terminology is crucial
Nirvana Secures Funding Amidst Trucking Industry Challenges The U.S. trucking sector is preparing for the repercussions of President Donald Trump’s newly imposed tariffs on imports from Mexico and Canada. In light of this, an emerging startup focused on innovative trucking insurance has successfully
A $47,000 Flu? Minnesota Truck Driver Stunned By Massive Cruise Ship Medical Bill Despite Having Travel Insurance A Minnesota couple’s dream getaway took an unexpected turn when a common illness resulted in an enormous medical bill. Mike Cameron, a truck driver from Braham, and his girlfriend, Tami
