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Client in the News: John Kearney, CEO of Advanced Training Systems, Points to Litigation as One Cause of Surging Trucking Industry Insurance Rates

Client in the News: John Kearney, CEO of Advanced Training Systems, Points to Litigation as One Cause of Surging Trucking Industry Insurance Rates

Trucking Companies Facing Another Headwind in 2020: Skyrocketing Insurance Rates

JoTo PR client, Advanced Training Systems was featured in an article in Yahoo Finance titled, Brutally Tough Insurance Rates Hammering Trucking Companies

The trucking insurance market is as tight as anyone can remember seeing it, thanks to a number of nuclear verdicts – and scores of other verdicts that don’t make the news. Industry leaders have noted that increasing litigation contributed to a rise in rates – with truck-involved crashes “generating dramatic increases in both the number of civil litigation case filings as well as increases in jury awards and out-of-court settlements. ”John Kearney, president and CEO of Advanced Training Systems, told FOX Business the litigation environment has changed because lawyers have begun to go after companies – rather than individual drivers – for their training, retraining or maintenance training policies.

“If you have an accident and the opposing law firm questions where you train, there seems to now be an assumption that if you have an accident you must not have been trained adequately,” Kearney said. “That assumption means you lose a lawsuit.”

Advanced Training Systems (ATS) is a high-tech simulator technology and engineering firm that has revolutionized the design and manufacture of advanced training systems to improve training and create safer drivers. ATS, the holder of multiple patents in high-tech training using simulation, has as its mission to provide this cutting-edge adaptive training to all involved in the transportation industry at an affordable cost, resulting in safer drivers/ operators. For more information, visit www.atstrainingsystems.com. 

Yahoo Finance  is a site focusing on the broad stock market, investments and personal finance and features news updates, stock listings, discussion boards and market reports. Sections include Investing, News, Personal Finance, My Portfolios and Exclusives.

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