Tag: insurance: Page 3

Channel 19

Is something going on in the insurance market for independents?

When veteran independent owner-operator Wayne VanHooser’s insurance came up for renewal recently (something I imagine many of you may well go through this time of year), he got a pretty big surprise. “Basically I’m getting put out of business,” the 71-year-old says, after more than four decades trucking.

January 23, 2019

Channel 19

Avoid getting stiffed: New flag on brokers with bonds pending cancellation can be effective recon tool

If a surety provider’s notice of cancellation of a broker’s bond can’t result in an immediate suspension because of “the need for rulemaking,” as FMCSA has noted, “that is a catch-22,” one watcher says, a “stretch of highway 100 miles long” with no stop signs against a fradulent broker doing business with no intent to pay. There’s a stop sign available now.

December 10, 2018

Voices

POLL: Have you carried health insurance this year?

With the sixth-annual Affordable Care Act open enrollment period coming to a close Dec. 15 for the federal health-insurance exchange — extended for some state exchanges — what best describes your own health-insurance situation over the last year?

November 28, 2018

Business

Progressive launches usage-based insurance program based on ELD data

Progressive announces its Smart Haul program is designed to adjust insurances rates based on data collected from drivers' ELDs. Learn more on Overdrive.

September 6, 2018

Overdrive Extra

Modest proposal: Outlining a federal, graduated CDL

Spitballing a graduated CDL with Clifford Petersen, which “could be the approach to take if lawmakers are seriously considering bringing 18-year-olds into over-the-road operations.”

September 3, 2018

Business

NAIT re-launching ‘AlieraCare’ group health option

While “nothing really has changed” about the NAIT’s plan materially, says NAIT/TIE rep Marc Ballard, there are “many more individuals using the program this year.” Details on the group “health care ministry” option here.

July 20, 2018

Business

New NAIT disability insurance plan

Most drivers, NAIT notes, operate their business without disability today, yet the probability of having a long-term disability is between  1 in 3 and 1 in 4 workers in America.

January 30, 2018

Business

Things you don’t like to think about, but need to

“No one wants to think about the implications of losing a loved one, especially when that loved one may be far away from home when they pass.” But think about it they do — the good news is there’s an organization working to put itself out of business by encouraging a paradigm shift in how carriers and drivers think about the risk.

December 15, 2017

Business

State of insurance for independents with new authority: Pricey, and getting pricier

When it’s time to shop coverage around: With a fleet at around four years old and no significant history of claims, a seven truck fleet’s liability insurance rates had risen substantially in its fourth year to roughly $15,000 annually per truck, all in. That’s not how it’s supposed to go, noted presenters at an insurance session at Expedite Expo.

July 14, 2017

Voices

POLL: Do you support Republicans’ Obamacare ‘repeal/replace’ efforts?

Republican bills in both House and Senate would overhaul much of the Affordable Care Act, including removing the mandate to purchase insurance. More controversial items include the reining in of Medicaid eligibility, return of tax cuts to wealthy Americans, and big changes to the individual market for insurance. What’s your view?

June 26, 2017

Business

FMCSA officially nixes rule on increasing minimum liability insurance required for carriers

Ultimately, the agency says it received too little feedback, particularly from insurance companies, to proceed with a rulemaking. FMCSA sought to quantify whether the current $750,000 minimum, set in 1985, was too low to cover modern liability claims.

June 2, 2017

Channel 19

ELDs and safety: Wes Memphis weighs in

“One thing you come to learn around here is when there is the same highlighted handwritten memo on every table of the drivers’ room, in the company newsletter, on the shop bulletin board, even on the inner door of the bathroom stall, somebody done messed up good. …”

May 5, 2017