Important Trends Impacting Inland Marine Insurance

Important Trends Impacting Inland Marine Insurance

A variety of trends—including gas shortages, shipping delays, inflation, extreme weather, and the COVID-19 pandemic—have significantly impacted the Inland Marine Insurance industry. This unprecedented volatility has led to increased rates, new exclusions, and tighter policy terms to limit losses. Inland Marine Insurance provides coverage for...

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Beyond Compliance Program Faces Debates and Delays

Beyond Compliance Program Faces Debates and Delays

In 2015, then-President Barack Obama asked the transportation industry to incentivize motor carriers that were early adopters of safety technologies. Years later, the proposed “Beyond Compliance” program remains stalled. The program urged the Federal Motor Carrier Safety Administration (FMCSA) to improve their Safety Measurement System, rewarding...

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Exciting IoT and AI Technologies are Improving Truckers’ Safety

Exciting IoT and AI Technologies are Improving Truckers’ Safety

The trucking industry faces numerous challenges. Employee shortages mean less experienced drivers are on the road, which could negatively impact fleet safety and the ability to obtain insurance coverage. Fortunately, the industry is seeing the introduction of predictive safety and analytics technologies that are helping fleets reduce accidents,...

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