Jury awards exceeding $10 million, known as nuclear verdicts, are on the rise in the trucking industry – and those decisions are making it tougher for transportation companies to stay in business.
According to a 2020 report from the American Transportation Research Institute (ATRI), average verdicts in the U.S. trucking industry soared from just over $2.3 million to nearly $22.3 million between 2010 and 2018 – a 967% increase – and these settlements are still spiking after courts started reopening following COVID-related shutdowns.
Want to know the secret to lowering insurance costs? It's driver data.
Do you know which drivers are causing your insurance rates to soar? What small driver management changes can you make that will pay off big in reduced risks and lower insurance costs? With decades of experience in the transportation insurance market, experts from the Central Analysis Bureau will use their deep data analysis to show carriers what insurers are looking for and demonstrate steps they can take to keep premiums down and avoid nuclear verdicts.
Join us in person at the the 2021 CCJ Solutions Summit, Nov. 30 - Dec. 2, in Chandler, Arizona. CCJ Summit assembles fleet executives, thought leaders, industry analysts and leading suppliers to explore ways equipment, technology and corporate culture can shift the driver paradigm and overcome your No. 1 challenge: Cultivating a qualified workforce.
Don’t miss your chance to collaborate and socialize in-person with your peers at the picturesque Sheraton Grand at Wild Horse Pass.
