Bipartisan Bill Targets Staged Auto Accident Fraud Nationwide
A bill introduced in the U.S. House of Representatives would make staging motor vehicle accidents for insurance payments a federal crime.
A bill introduced in the U.S. House of Representatives would make staging motor vehicle accidents for insurance payments a federal crime.
Electric vehicles (EVs) are one way commercial auto operators can reduce operational costs. But EV adoption also introduces new exposures, including cyber vulnerabilities, battery fire hazards and higher repair costs.
The garage liability carrier is declining to pay for the third-party damage, saying the garage liability policy is excess for any non-owned vehicles and that the customer’s personal auto policy should pay.
As commercial auto insurance challenges persist, the industry is increasingly leveraging telematics and supporting proposals to address third-party litigation funding.
An insured is listed as a covered individual on the drive other car endorsement of a business auto policy. He rented a vehicle personally and was involved in an accident. The carrier is denying the claim.
Can a claimant in a commercial auto claim require the insured to pay for gas and time spent to drive his damaged auto to a body shop for an estimate?
The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.
By helping trucking clients understand the risks and insurance solutions available to protect their cargo, agents can provide valuable support across the supply chain.
On this episode of Agency Nation Radio, we meet Miles Lee, transportation insurance broker at McGriff in Savannah, Georgia.
Coverage provides protection against critical cyber risks facing connected commercial fleets.