Using driver data to lower insurance costs
Summary
CCJ Summit assembles fleet executives, thought leaders, industry analysts and leading suppliers to explore ways equipment, technology and corporate culture can shift the driver paradigm and overcome your No. Over the last six years, nuclear verdicts have grown 235% (there have been more than 300 in the last 60 months) and have reached the point "they are becoming incredibly common," said Hayden Cardiff, founder of driver management platform Idelic and the companys chief innovation officer. "Unfortunately, when that happens, you have a lot of [insurance companies] exiting the marketplace," he said, adding that underwriters cant make money because losses outweigh premiums thanks to factors like inflation, the looming threats of nuclear verdicts and the increasing cost of vehicles. [Related: New Texas law deals blow to Reptile Theory trial strategy in crash litigation] Love County Sheriffs OfficeIts not enough to simply gather data. Guiliani conceded many trucking companies see that as difficult since a spectrum of safety systems generates mountains of information and that data flow can be overwhelming to one person responsible for hundreds – if not thousands – of drivers.