Billboard attorneys to blame for high insurance premiums

Mar 13, 2020 at 09:01 AM CST
Amidst the current trucking insurance crisis, insurance premium costs per mile increased over 17% between 2013 and 2019. Commercial truck insurance is one of the largest expenses for motor carriers, so understanding the causality behind the rate increases is vital to mitigating its effects. While there are many factors that contribute to these increased expenses, including equipment repair, increased safety measures and rising medical costs, the most damaging culprit is hiding in plain sight and begging for your attention. Plastered along the roadways of the southeastern U.S. are billboards enticing victims of truck-involved accidents to file lawsuits against the involved motor carriers for large sums of money.

Mar 13, 2020 at 09:01 AM CST

Amidst the current trucking insurance crisis, insurance premium costs per mile increased over 17% between 2013 and 2019. Commercial truck insurance is one of the largest expenses for motor carriers, so understanding the causality behind the rate increases is vital to mitigating its effects. While there are many factors that contribute to these increased expenses, including equipment repair, increased safety measures and rising medical costs, the most damaging culprit is hiding in plain sight and begging for your attention. Plastered along the roadways of the southeastern U.S. are billboards enticing victims of truck-involved accidents to file lawsuits against the involved motor carriers for large sums of money.