PRESS RELEASE Purcellville, VA (April 7, 2022) – ClearConnect Solutions, an InsurTech provider to the insurance and transportation markets, has been selected by Lloyd’s, the world’s leading marketplace for commercial, corporate, and specialty risk solutions, to join the eighth cohort of Lloyd’s Lab. The Lloyd’s Lab ten-week program brings together InsurTechs, insurers, and brokers to
One of the biggest issues facing the commercial trucking industry today is negligent hiring. Bad drivers mean more claims, and that means higher fees across the board. But by leveraging access to MVR reports and understanding underwriting requirements for drivers, the industry is in a position to “think forward.” On February 25th, ClearConnect hosted its second
Since 2014, losses from commercial trucking insurance claims have been on the rise. The severity of loss has accelerated and rates have nearly doubled, creating a real problem for the future of the industry. With a loss ratio over 100 for over 7 years, how will the industry be able to sustain itself? In response
Purcellville, VA – ClearConnect Solutions Group, LLC, a leader in assisting the transportation and insurance industries with the management of risk, partners with Matrix Telematics to provide a unique risk mitigation technology that will help the transportation and insurance industries proactively reduce claims, losses and costs. Matrix Telematics delivers innovative telematics solutions to fleet operators
Now, more than ever, your ability to onboard employees remotely is critical to building and maintaining your workforce. In the transportation industry, where employees are often geographically dispersed, the need for remote onboarding is ever-present. Moreover, you need an onboarding process that is efficient for both your organization and the drivers themselves. In this blog,
The transportation industry is among the most highly regulated segments of the U.S. economy, and for good reason – those regulations are there to help keep our nation’s roadways safe. Many organizations have a say in overseeing various parts of the industry, starting with the Federal Motor Carrier Safety Association (FMCSA), whose mission it is
The transportation and insurance industries are in a symbiotic relationship. Trucking firms want to keep their insurance premiums in check, and insurers want to avoid large payouts. To meet both objectives, insurance companies stipulate that transport companies put systems into place to minimize their exposure to risk and thus lower the probability of loss. Insurers
The trucking industry is facing cost escalations from multiple directions. Driver shortages, rising fuel prices, and necessary investments in technology are putting increased demands on their already narrow margins. Insurance rates, however, have represented the largest area of growth in operational expenses. In a recent report, the American Transportation Research Institute (ATRI) found the trucking
As a player in the transportation industry, you impact every person’s daily experience — from the coffee mugs they use, to the jewelry they’re wearing, to the garden hoses in their backyards — all were delivered by a truck. A dominant contributor to the U.S. economy, trucks moved 11.5 billion tons of freight (71 percent
Explore the state of the transportation industry, highlight current compliance-related responsibilities, and identify practical approaches to keep your insurance and regulatory compliance obligations in check.