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May 18, 2007

Insurance Costs * USA - Fleets Eye Safety Gains to Cut they

"Companies with low crash rates tended to follow several 'best practices' and had high management involvement in driver training"...

Boston,Mass,USA -Transport Topics, by Tarun Reddy -May 14, 2007: -- Risk management has taken on a new urgency for many carriers as trucking companies attempt to reduce operating costs and minimize insurance premiums, often by including safety improvements... Despite that urgency, many carriers are having a tough time recruiting drivers with clean motor-vehicle records free from accidents or an excessive number of moving violations. At the same time, insurance providers face the challenge of wanting to write more policies for the trucking industry but being wary of trucking companies that do not have a well-rounded risk management program in place... This combination has led to a greater awareness by trucking and insurance executives that their industries must do a better job of working with each other to promote safety and an economical approach to risk management... A study about the trucking industry released last year by Liberty Mutual Group, Boston, found that companies with low crash rates tended to follow several “best practices” and had high management involvement in driver training... The study also found that in the case of successful companies, at least 60% of their drivers had clean motor-vehicle records. These trucking firms also had drivers with at least six months of driving experience... (W J Andy's Public Photo Galery: Everyone needs to drive through Chicago at least once in their lifetime)

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