From: Risk Placement Services
Tommy Ruke, Founder of Motor Carrier Insurance Education Foundation (MCIEF), talks about the impact these changes can have on underwriting when they reach critical mass.
If you think about it, there’s already a ton of ways to monitor the way you drive.
Most cars on the road today come standard with safety features to help prevent accidents and keep you safe behind the wheel.
The challenge is figuring out a way to get those fancy tools into the big expensive trucks on the road.
Because most small trucking companies are buying their rigs second hand, which is slowing down the process.