9 more charged in scheme to stage I-10 vehicle wrecks, collect insurance payouts

New Orleans Advocate, September 18, 2020 Nine more people have been indicted on federal charges in a scheme to crash vehicles into buses and big trucks in the New Orleans area, in order to defraud insurance companies. They join 19 other defendants already under indictment. Insurers have paid hundreds of thousands of dollars to settle […]

Trucking Targets ‘Nuclear’ Verdicts

Transport Topics, September 16, 2020 By Eric Miller The trucking industry is making gains in its fight against the plaintiffs bar and the increasing size of jury verdicts levied against motor carriers, but those in the trenches say the battle is not over. Last year, American Trucking Associations President Chris Spear announced that the trucking […]

Eleven Charged With Staging Truck Accidents In New Orleans

Benzinga, August 24, 2020 By John Kingston The U.S. Attorney’s Office in New Orleans late last week indicted 11 individuals in connection with a scam to create crashes between cars and 18-wheelers and cash in on insurance payments. The indictment, handed down by U.S. Attorney for the Eastern District of Louisiana Peter Strasser is for […]

First comprehensive review of wild, wild West ‘nuclear verdict’ is” bad news for truckers

Logistics Management, August 10, 2020 By John D. Schulz Settle, if possible. Don’t take shortcuts on safety.  Obviously, avoid truck accidents involving children by any means. And hope that somehow, some way, sensible tort reform is on its way into American courtrooms. Those are some of the suggestions from the American Transportation Research Institute’s (ATRI) new research […]

How Nuclear Verdicts are Strangling America’s Trucking Industry

A Trial Lawyer and a Conman Walk into a Burger King It reads like a sleazy, made-for-TV crime drama. One might mistake it for an episode of Better Call Saul:  Inside a New Orleans Burger King, a personal injury lawyer and a scam artist rendezvous to plot their next move. On the back of a greasy […]

U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best

insurancejournal.com The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the U.S. commercial automobile insurance line of business has not generated a combined ratio under […]

Trucking insurance rate trends continue in the wrong direction

FleetOwner, June 29, 2020 By Cristina Commendatore In the last five or six years, trucking companies have watched their insurance rates climb, and many have found the insurance process daunting. Since 2018, trucking insurers have lost around $1.8 billion due to continued pressure from plaintiffs’ attorneys targeting the industry and because of crippling multimillion-dollar settlements […]