This is the sixth and final edition in a series of articles on how motor carriers can help avoid claims, including those that result in nuclear verdicts, by implementing and adhering to a strong safety & compliance program.
This is the second in a series of articles on how motor carriers can help avoid claims, including those that result in nuclear verdicts, by implementing and adhering to a strong safety and compliance program.
Driver hiring and qualification can be daunting in today’s economy. Truck drivers are in high demand, and it is increasingly difficult to find qualified drivers. This is nothing new—the commercial truck driver shortage has been an issue for over a decade and was named the most critical issue in the trucking industry in 2021 according to the American Transportation Research Institute.
The past two years have been perhaps more challenging than anyone could expect. A study by the American Transportation Research Institute (ATRI) noted that longstanding issues, such as driver hiring and retention, and the rising cost of insurance due to lawsuit abuse and nuclear verdicts have continued to affect the industry.
It is no secret that insurance and other operational expenses are soaring for many trucking companies in the wake of rising litigation costs. Nuclear verdicts, lawsuits which result in judgments exceeding $1 million, are a major threat to the industry and your business. Studies have also shown that the underlying arguments for these verdicts often focus on the “dirty five”.
This is the first in a series of articles on how motor carriers can help avoid claims, including those that result in nuclear verdicts, by implementing and adhering to a strong safety & compliance program.