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$2.75M Dump Truck Settlement Puts Excess Liability Limits in Focus

$2.75M Dump Truck Settlement Puts Excess Liability Limits in Focus

Inside This Article: The city of Troy, New York, recently approved a $2.75 million settlement for a former physician who was struck by a city-operated dump truck. The city will reportedly pay $1 million of the settlement, and its insurer will cover the remaining $1.75 million, according to reports. Accident-related liability claims can be covered by Transportation Insurance policies…

Market Overview: Technology, Trends and Tips for Transportation Insurance

Market Overview: Technology, Trends and Tips for Transportation Insurance

The Transportation market is extremely fluid as we head toward 2025. It is marked by increasing rates, competitive challenges and newly mandated regulations that impact every facet of the sector. Ongoing increases in the number of litigated claims are keeping inflationary pressures high for both fleet and non-fleet accounts. This is making it harder for carriers to meet their profitability…

Video: State of the Excess Transportation Market

Video: State of the Excess Transportation Market

Navigating a rapidly changing Transportation market requires adaptability and precision. Buddy Taylor, Broker, Transportation, Burns & Wilcox Brokerage, North Dallas, TX, provides tips for brokers and agents to secure Excess coverage. https://vimeo.com/1027736735/30143d7d5b?share=copy

Webinar: Transportation Insurance – Securing Coverage in a Challenging Market

Webinar: Transportation Insurance – Securing Coverage in a Challenging Market

The trucking industry is navigating a complex landscape, from jurisdictional challenges to rising operational costs. In our latest webinar, experts from our Transportation Practice Group explored the most pressing issues facing Transportation Insurance today. Watch now to gain valuable insights into coverage, pricing, and claims, along with practical tips for brokers and agents to stay ahead of industry changes and…

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As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.