The Benefits of Telematics for Commercial Fleets
In the dynamic world of trucking and transportation, telematics is revolutionizing fleet management. Using telecommunications and informatics, this tool enables businesses to remotely gather and process crucial information for enhanced operational efficiency. Utilizing telematics software can help a fleet: Reduce Operational Costs Telematics software can help keep drivers updated on upcoming traffic concerns or road…
Fraud and Identity Theft In the Trucking Industry
Most people consider identity theft to be a personal issue. Yet this occurrence can affect businesses too, often with the intention of committing fraud. Within the trucking industry, criminals may pretend to be a broker or steal a motor carrier’s USDOT number. In one increasingly common scenario, a fraudster takes on the trucking company’s identity…
Recreational Cannabis Sales Continue to Increase in CT
Recreational cannabis has expanded the market in Connecticut, building off the introduction of medical marijuana sales in 2012 and emphasizing equity in business approvals. Expansion comes with additional benefits for the state’s economy, including jobs related to growing, packaging and selling cannabis products, as well as the administrative, technical and security roles that help these…
Trends Impacting Commercial Insurance Costs
Recent market developments have demonstrated signs of an improving commercial insurance landscape. Yet, industry experts asserted that ongoing headwinds facing certain lines of coverage will continue to generate hardened conditions overall, therefore driving up premiums. As such, it’s essential for businesses to be aware of the following market trends and how they may impact coverage…
2023 EPL Insurance Midyear Market Outlook
Due to difficult segment conditions, most employment practices liability (EPL) insurance policyholders experienced rate jumps throughout 2022. These rate increases varied based on sector, location, exposures and prior losses. In the first half of 2023, modest rate hikes have become the norm, with premium pricing rising by between 3% and 7% during the first quarter…
