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- Giving Workers a Stake in A.I. Gains Traction
Gov. Gavin Newsom of California has floated a policy idea that’s getting attention in Silicon Valley: let workers own a piece of technology disruption. [TheTopNews] Read More.39 mins ago - Stellantis CEO sees opportunity in growing partnerships, bringing China-branded ...
Stellantis CEO Antonio Filosa said there could be an opportunity to bring Chinese-branded vehicles into Mexico and potentially Canada, but not the U.S. [TheTopNews] Read More.40 mins ago - Truck Crash Rates Are Down. So Why Do Insurance Costs Keep Rising?
Trucking fleets across the U.S. are facing record-high insurance costs even as truck crash rates continue to decline, according to new research from the American Transportation Research Institute (ATRI). Although fleets are improving safety performance and reducing crashes, liability insurance premiums continue climbing due to rising legal costs, larger lawsuit payouts, and increasing claim expenses. As a result, insurance has become one of the trucking industry’s biggest concerns in 2025. According to ATRI, average trucking liability insurance premiums increased nearly 38% between 2015 and 2024. Today, insurance costs average 10.2 cents per mile, creating additional pressure for carriers already dealing with high operating expenses. Why Trucking Insurance Costs Continue Rising ATRI explained that insurance pricing is influenced by more than crash frequency alone. Even though crash rates have improved, claim costs have continued to rise sharply. From 2021 through 2024, heavy-duty truck crash rates fell by 2.6%. In addition, fatal crash rates dropped nearly 14%, while injury crash rates declined more than 15% from their 2019 peak. However, liability losses reported by fleets increased by more than 33% during the same period. Therefore, insurers continue raising premiums to cover growing financial risks. The report points to several major factors behind rising trucking insurance costs, including: Nuclear verdicts Aggressive litigation tactics Third-party lawsuit funding Rising medical expenses Social inflation In particular, ATRI highlighted the growing impact of social inflation. This term refers to larger claim payouts caused by changing social attitudes and legal trends. At the same time, trucking companies are increasingly targeted by plaintiff attorneys seeking large settlements and verdicts. Because of this, insurance providers are paying out more in claims than they collect in premiums. Consequently, fleets continue seeing higher insurance costs year after year. Smaller Fleets Face Greater Financial Pressure Smaller trucking companies are being affected the most by rising premiums. In fact, ATRI found that fleets operating between 5 and 25 trucks paid nearly double the insurance cost per mile compared to larger fleets operating 101 to 250 trucks. Additionally, insurance expenses now consume nearly 5% of total revenue for many small carriers. As margins remain tight, these costs are becoming harder to absorb. At the same time, excess insurance coverage costs continue increasing rapidly. Coverage layers between $5 million and $15 million experienced some of the steepest premium hikes in recent years. Therefore, many trucking companies are reevaluating their risk management strategies… [TheTopNews] Read More.1 hour ago - What the AvalonBay, Equity Residential megamerger means for the apartment indust...The deal will create one of the largest real estate companies in the U.S., with more than 180,000 rental apartments. [TheTopNews] Read More.2 hours ago
- Trump said he’d ‘remember’ companies that didn’t apply f...Walmart confirmed to CNBC it has sought a tariff refund and plans to use any money it receives back to invest in lower prices for shoppers. [TheTopNews] Read More.2 hours ago
- Why thousands of stock trades tied to Trump are raising eyebrows
The BBC's Michelle Fleury looks at trades disclosed by the president. [TheTopNews] Read More.2 hours ago
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