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Nuclear Verdict Prevention: Is There Any Hope For Fleets?

FreightWaves

FreightWaves spoke with Jason Palmer, the COO of SmartDrive, a transport intelligence platform, to understand how trucking fleets should approach risk management to reduce the likelihood of paying large jury awards.

Over the past few years, there has been a surge in nuclear verdicts against the trucking industry. Nuclear verdicts are jury judgments that award penalties over $10 million. This warrants a focus by trucking fleets on risk management, as such verdicts can force companies to declare bankruptcy, adding to the distress already prevalent in the industry today. Effective risk-management strategies potentially can lead to lower insurance premiums as well.

Read more here

  • Posted by Melissa.Senoff@smartdrive.net
  • On 16 June 2020
Tags: FreightWaves
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SmartDrive - Video & Analytics Technology for Fleet Safety

SmartDrive Systems gives fleets and drivers unprecedented driving performance insight and analysis, helping save fuel, expenses and lives. Its video safety, predictive analytics, telematics, compliance and personalized performance program help fleets improve driving skills, lower operating costs and deliver significant ROI.

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