The simple answer is that the average claim payment in commercial auto liability increased by 39% between 2019 and 2023. This spike is due to five factors beyond the insurance industry’s control: Here’s a look at how those market pressures drive up premiums: What can Last Mile and Middle Mile Delivery professionals do to guard […]
First, the good news: The last mile delivery boom is expected to continue, with the market projected to grow by $62 billion in North America by 2027. Now, for the bad news: With nuclear verdicts on the rise, “good” could turn to “bad” with a single accident. Nuclear verdicts, jury awards exceeding $10 million, are becoming increasingly […]
The best way to control long term claims costs is to establish and train employees on the proper method for accident investigation and reporting. Accident investigation and reporting are critical in reducing the costs of both workers’ compensation and vehicle accidents. A good report provides the claims adjusters with the all of the information needed […]