Archive for the ‘Auto’ Category

Car speeding past guardrails busy highway

Nation’s Guardrails Can’t Handle Heavier EV Vehicles

March 7, 2024

The growing number of electric vehicles on the road that weigh 20 to 50 percent more than gasoline powered vehicles has engineers at Nebraska’s Midwest Roadside Safety Facility and the Army Corps of Engineers concerned. The extra weight, due to the batteries they carry, means that existing highway guardrails may not be effective at stopping these vehicles.

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Hand knocking over dominoes

What Does “Proximate Cause” Mean in Insurance?

January 31, 2023

How does it apply in a case involving the ransomware payment from a cryptocurrency account? Proximate cause, which refers to the closest/first cause of an accident, is a basic principle of insurance. Although there are several classic examples of how proximate cause works, a case involving cryptocurrency was recently decided based on the principle of […]

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Drivers on Snowy Freeway

8 Winter Driving Tips for Commercial and Personal Vehicle Drivers

January 14, 2023

Driving safely in winter weather can be challenging for even the most experienced driver. Whether your firm employs commercial vehicle drivers or most of the driving at your firm involves employees driving personal passenger vehicles, the following tips selected from the Federal Motor Carrier Safety Administration website will help drivers avoid dangerous situations, especially in […]

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How Litigation Is Driving Up U.S. Commercial Auto Insurance Costs

June 13, 2022

Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019. This is according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). The Triple-I/CAS paper, Social Inflation and Loss Development confirms and […]

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National Roadway Safety Strategy Announced

March 31, 2022

The National Roadway Safety Strategy (NRSS) is “a roadmap for addressing the national crisis in roadway fatalities and serious injuries.” We cannot tolerate the continuing crisis of roadway deaths in America. These deaths are preventable, and that’s why we’re launching the National Roadway Safety Strategy today — a bold, comprehensive plan, with significant new funding […]

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7 Ways to Improve Company Driver Safety

February 11, 2022

If you have company trucks to provide service offsite or to deliver products, your drivers spend a lot of time on the road. Check out these tips for improving safety and reducing costs: Make sure your drivers have safety gear onboardStock your trucks with warning triangles, first aid kits, LED flares, warning flags, and make […]

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Drivers Say They Fear Cyber Hi-Jackers

June 24, 2021

More U.S. motorists are getting worried about possible cyber-attacks on their connected vehicles, a survey by HSB, part of Munich Re, reported recently. Some even believe a hacker could confront them over their car audio systems or disable automotive safety features. The HSB poll by Zogby Analytics found that 37 percent of consumers who responded […]

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Auto Damage Claims Growing Twice as Fast as Inflation

February 10, 2021

The average payment for auto physical damage insurance claims increased at more than double the rate of inflation from 2010 through 2018, according to a new study from the Insurance Research Council (IRC). The study, Patterns in Auto Physical Damage Insurance Claims, found that average payments increased 3.7 percent annualized during the study period, while […]

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