‘Nuclear’ Verdicts Keep Insurers Away From Most For-Hire Fleets

“A string of so-called ‘nuclear’ verdicts, where juries award tens or even hundreds of millions of dollars to families of accident victims, have made the financial consequences of those crashes harder to predict” – The WSJ on why insurers such as AIG and Zurich, despite a decrease in the amount of people killed in accidents involving large trucks, have dropped coverage of most for-hire fleets earlier this year, while other insurers hiked premiums anywhere from 10% to 30%. Bottom Line: the case for fleet safety management; a value proposition of several companies including Drive Spotter and Splitsecnd.