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insurance

Driverless cars have been in the news for quite some time. Last September, I speculated in PC 360, an insurance trade magazine, that insurance premiums for autos could decrease by as much as 40% over the next five years as autonomous cars made travel much safer. I increased my estimate to a 75% decrease in insurance premiums by extending the timeline to 15 years. When I wrote those two articles, I remember thinking how much of a personal paradigm shift was needed to accept a driverless car as safe. Now, it appears that driverless buses are in the near future as well.

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FMCSA seeking comments on revising financial responsibility levels

An April 2014 Report to Congress found that while catastrophic motor carrier crashes are rare, the costs for resulting severe and critical injuries can exceed $1 million; current insurance limits do not adequately cover these costs, which are primarily due to increases in medical expenses and other crash-related costs.

N.M. Rail Runner settlements reach $8M

The system, which had paid any of the claims to this point, will pay $2 million to cover liability claims up to $3 million. The Rail Runner buys insurance in the private market for claims over that amount.

National Interstate offers IMG members benefit program

Will have access to a variety of risk management tools and resources, such as an exclusive online customer website and automated event recorder technology. Customers will also enjoy specialized claims management services, including accelerated communication, subrogation assistance, and personalized file reviews.

National Interstate offers Trailways members benefit program

Program benefits, provided by National Interstate and its affiliate, Safety, Claims and Litigation Services LLC, include access to a variety of risk management tools and resources, including an exclusive online customer website, and accident event recorder technology.

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