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"Commercial Auto"
Trucks and buses in the United States may have to be equipped with devices to limit their speed under a proposed rule issued on Friday by the U.S. Transportation Department which said the move could save both lives and fuel.
The department will weigh setting speed limits at 60, 65 or 68 miles per hour for heavy commercial vehicles, but said it will consider other speeds based on comments from the public. Continue reading
The rejection of a $100 million settlement with drivers comes with plenty of silver linings for Uber Technologies Inc. The gray cloud for the ride-hailing company is that a dozen or so lawsuits that would have been silenced may now roll back in.
A San Francisco federal judge concluded the deal was unfair in large part because it undervalued potential labor code violations under California’s unique bounty-hunter law, known as PAGA. The settlement sought to sweep under the rug lawsuits with potentially billions of dollars in claims under the law, which gives workers the right to step into the shoes of the state labor secretary to bring enforcement actions. Continue reading
Six of the 10 ports at greatest risk for catastrophe loss in the world are in the United States, Newark, California-based catastrophe modeler Risk Management Solutions Inc. said Monday, and warned that the risk extends to smaller ports.
RMS said the two riskiest ports are in Nagoya, Japan, with an estimated catastrophe loss of $2.3 billion and Guangzhou, China, with an estimated cat loss of $2 billion. Continue reading
Trucking insurers issuing motor carrier policies which contain MCS-90 Endorsements may be overlooking significant subrogation and recovery opportunities. MCS-90 subrogation is a fascinating and under-utilized means of recovery that can significantly increase an insurance carrier’s bottom line. Understanding the history behind and developing a working knowledge of MCS-90 Endorsements is essential for any adjuster or subrogation professional working in the transportation insurance field. This article will outline the importance of embracing MCS-90 reimbursement in your practice and the essential nature of giving these files attention immediately upon making any payment under an MCS-90 Endorsement. Continue reading
Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short.
This month, two Teslas equipped with Autopilot veered into barriers following disclosure of the first fatal wreck, a Model S slamming into a 18-wheeler crossing a Florida highway after the semi-autonomous car failed to distinguish the truck’s white trailer from sky. Continue reading
Nearly 8 of every 10 U.S. drivers admit expressing anger, aggression or road rage at least once in the previous year, according to a survey released Thursday by the AAA Foundation for Traffic Safety. The behavior could include following too closely, yelling at another driver, cutting them off or making angry gestures.
Road Rage (male)While that’s dangerous enough, an estimated 8 million drivers engaged in more extreme behavior on streets and roads that might be considered ‘road rage,’ including bumping or ramming a vehicle on purpose or getting out of their cars to confront another driver, the foundation said. Continue reading
Connecticut Bookmaker Gets Prison Time in Insurance Fraud Scheme
A bookmaker who pleaded guilty to charges he shot a gambler with a stun gun and tried to burn down a Middletown restaurant in an insurance fraud scheme is headed to prison.
The Hartford Courant reports 52-year-old John Barile of East Hartford was sentenced Tuesday to 71 months in federal prison. He pleaded guilty in February to charges of arson, insurance fraud, gambling and extortion. Continue reading
A left-turn at the light with oncoming traffic; the collision occurs and now you are headed to intercompany arbitration on the subrogation claim as the parties dispute who was at fault.
An all too familiar scenario for those adjusting auto losses, but an increasingly relevant fact pattern in the world of subrogation recovery. While 85-90% of all subrogation claims are resolved between carriers and self-insureds without a problem, it is the other 10-15% that can make the difference to the bottom line for insurance organizations.
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