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From: Lance (Research Trucking Industry)
Date: 28 Apr 2003
Time: 22:48:03
Trucking Insurance Costs are Passed Onto To Service Companies. (Research Trucking Industry). Ever feel that all the lawyers in teh Country need to give their lives up for our freedom, by exiting the planet forthwith? Yes, me too. In an article in CCJ-Commercial Carrier Journal entitled "Ticking Away" The Insurance Time Bomb. It discussed how the trucking industry is limiting their isurance expenses by skipping some of the more prevelent coverages. Thus reducing costs today, but the blood sucking, parasite attorney Ambulance chasers are going for juggler with frivolous lawsuits and outrageous damages for reletively minor accidents or incidents, for this reason the trucking companies have begun to add to our service contracts in the service sector, higher limits and more comprehensive additional insured certificates. All of this just in case some pathetic, pencil neck, two-faced scum bag lawyer files a lawsuit. CYA-All that was opinion based on 27 years in the service industry and real world experience. So here you have it our most important need as a society our distribution system being hurt by the legal system whcih was suppose to keep us safe. Not so, the lawyers are terrorizing the populous and hurting our future as a civilization with a high standard of living. Yet the same group tends to yield enough political clout to keep this going year after year. Insurance in trucking is up 34% in two years for the basic coverages. And are you ready for this 87% for the umbrella coverages, which actually trucking accidents and incidents by US DOT statistics is down 28.675 %. So why is this happening? Lawsuits and higher damages and so many frivolous suits. This year one accident in AZ for Swift was awarded 7 million dollars and another for four million, but no one even died and it was not the truckers fault in full. One of the accident's victims had no driver's license and had been suspended and was speeding? Many trucking companies are asking for 5 million additional insurance certificates for each occurance when previously 1 million for a service company was high and aggregate was acceptable. These increases in exposure to lawsuits promts the Risk Management teams of these companies to pass the buck to the service companies who raise rates for everyone. One small Onan Cummings dealers has a shop rate of $94.00 and hour for working on portable generators because they average their insurance sots company wide for all services. The labor is paid $10.00 per hour and it is estimated that $34 for every hour is pure insrance costs? Scared yet? It is still getting worse. And with lawyers spreading reality of responsibility of the lady barreling out of the McDonalds Drive thru who spills coffee to the pourer of the coffee is a bit insane. If every single mile a truck is driven costs $.20 in insurance then the drivers get less money meaning the quit and newer drivers take over with less experience and Bingo you guessed it you have a self fulfilling problem in that now the trucking companies will be more dangerous adding to the downward spirla of our current distribution system. And do not think this does not effect other forms of transportation like ships and rail, because look at their costs too. http://nafc.truckline.com Check it out. It is time to kill all the lawyers and let them die as heros for saving the free world. We need not create more of them as the legal schools churn out more of these clowns? Need an oil change company that meets your insurance coverage needs? Well there will not be many left if this keeps us. We maybe the only ones. http://www.oilchangeguys.com http://www.truckwashguy.com
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