‘Nuclear’ accidents send truck insurance rates soaring and carriers scrambling
Logistics Managment Insurance rates for trucking fleets are soaring, sending trucking executives scrambling for coverage even for some of the safest fleets in the land. The reason, according to top trucking executives and transportation attorneys, is the rise in so-called “nuclear settlements” either awarded by a jury or negotiated by attorneys in a wrongful death […]
Are nuclear verdicts out of control?
FreightWaves, January 13, 2020 By Seth Holm Nuclear verdicts have been a consistently increasing theme in trucking over the past several years and the heat and pressure on carriers from rising insurance premiums appears to have no end in sight. This is despite the fact that the number of deaths and injuries from accidents involving […]
Surging Truck Insurance Rates Hit Freight Operators
wsj.com Jennifer Smith Soaring insurance costs are taking a toll on the trucking business, adding a financial drag for carriers already contending with weakening freight demand. Underwriters have been ratcheting up the cost of liability coverage to recoup losses as“nuclear” accident payoutsof $10 million or more increase, insurance brokers say. Trucking companies were hit with […]
Who Wins in a Personal-Injury Lawsuit? It Can Be the Doctor
Wall Street Journal, January 8, 2020 By Sara Randazzo One day in 2011, Dave Pebley and his wife were in their motor home on the side of the highway with a flat tire when a big rig slammed into them. The jolt sent Mr. Pebley to the hospital with injuries to his face, neck and […]
Local trucking company says industry being hurt by lawsuits
KFOX14, January 7, 2020 By Mills Hayes EL PASO, Texas (KFOX14) — In the wake of unrest in the Middle East, local trucking companies are keeping an eye on the price of fuel. But some companies say it’s actually the price of insurance that’s become a make-or-break issue. “These lawyers are just having a field […]
Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – FreightWaves
Craig Fuller, CEO at FreightWaves freightwaves.com Texas-based flatbed and oilfield truckload carrier Fleetwood Transportation hauled its last loads on Tuesday after deciding to shutter operations, citing insurance costs. SaferWatch reports that the carrier had 252 trucks, 673 trailers and employed 240 drivers. The fleet, based in Diboll, Texas (100 mile north of Houston), primarily hauled […]
Big verdicts rise sharply in trucking accidents in southeastern states | PropertyCasualty360
propertycasualty360.com This graph depicts 281 verdicts in state or federal courts from a database of motor vehicle accidents involving a corporate or trucking company defendant from 2010 through Nov. 8, 2019, in Georgia, Florida, Texas, North Carolina, South Carolina, Tennessee and Alabama. The data is provided by CaseMetrix LLC of Atlanta, which provides plaintiff and […]
Case Raises Questions About Plaintiffs’ Medical Financing, Lawyers’ Exposure
Law.com, October 31, 2019 By Angela Morris A San Antonio man has reduced a claim on his lawsuit recovery by 70% in a case that raises questions about whether medical financing companies—to which some plaintiffs attorneys refer their clients—are flaunting rules governing the medical expenses plaintiffs can lawfully recover. Although MedFinManager attempted to recover more […]
The Cost Of Lawyer-Driven Medical Care
This article provides information regarding a standard methodology used in Texas Personal Injury cases to maximize settlements in lawsuits through the use of arbitrarily inflated medical costs. It Starts with Referral to a Doctor who is part of the Lawyer’s referral network In October 2015 Joe Cantu was involved in a car accident in Austin, […]
The Reptile Brain Strategy: Why Lawyers Use it and How to Counter it
litigationinsights.com March 3, 2016 Over the past few years, we have heard much consternation from our clients regarding a plaintiff strategy called the “Reptile Approach.” During this time, we have seen this approach become more and more popular – not to mention effective – during depositions and trial among plaintiff attorneys. This Insights Blog provides […]
