Commercial Truck Insurance Blog
The Impact of Nuclear Verdicts: Proactive Measures for Trucking Companies in Texas
As the transportation industry attempts to get back into the swing of things, one silent factor hurting the bottom lines of trucking companies is the rising cost of commercial truck insurance in Texas. Truck insurance premiums reached 8.7 cents per mile in 2020— driven heavily by litigation-related accident settlements, which ranged from small settlements to “nuclear verdicts,” or jury awards of more than $10 million. Texas is one […]
Trucker Appreciation Week
Dear Truckers, During this Truck Driver Appreciation Week, we want to express our profound gratitude for your extraordinary contributions to our society. Your tireless efforts and unwavering commitment keep our world in motion. You are the backbone of our economy, delivering essential goods that sustain us all. Despite challenging conditions, you navigate the roads, ensuring our communities have what they need to thrive. Your professionalism […]
The Commercial Truck Driver Shortage in Texas May be Easing: Why That’s Good for Insurance Rates
Texas has not been immune to the driver shortage being experienced throughout the country. The country was short by a record 81,000 commercial truck drivers in 2021 according to a report by the American Trucking Association. That figure has come down slightly to 78,000 drivers as of 2022. That said, there are some encouraging signs about the trajectory of how many truck drivers will soon be […]