Insurance question???

Well it ain't running or growing very well.....Hope your floats tank.

Corporations have killed this country . Insurance (especially health) included .

Business as usual......

http://m.huffpost.com/us/entry/us_57b3d747e4b04ff883996a13

 

Are you the guy with a 550 BMW from another thread by chance?

 

I had sentry ins for 3 years . had a old man run a stop sign last year an I got him. had all kinds of witness an a police report that said it was his fault. sentry an the other guys ins have not settled with me yet. in july sentry would not renew my ins. due to the accident .I called ooida they would not ins me till I settled my clame an sent them a copy of the police report an how much I got from the settlement .I told to go #### them self.

 

New Alliance in Gardena Ca. Cheapest we found when buddy started new authority with 2 trucks. Peoples Insurance in Waverly Ia.

 

Yep........not sure what that has to do with anything.....I've worked hard for 48 years and can afford it........would I be "better" in your eyes if I still had my F350 Dually......even though it's sticker price was more than the 550?

 

Lol no, it was just funny that you had to mention it

 

How much profit is Huffington Post making these days? Your truck & trailer, fuel & freight, not to mention your car and almost everything else was available for purchase because of corporations. Despite what "Democrats" tell you fairness and human kindness are lousy at producing goods for consumers at reasonable prices. Don't believe me, ask any Venezuelan.

 

They are not penalizing you, they are adjusting their pricing to reflect the new risks of carriers similar to you.

Single owner operators are the safest trucks on the roads, but micro fleets are actually the most accident prone. Grow a bit more -- say, above 30 trucks, and these small fleets are the 2nd safest group behind owner operators. From there, accident rates start rising again the larger you grow (with mega fleets being only slightly safer than small fleets).

See the red line for accident rate vs fleet size:


If you think about it, it makes sense -- an owner operator is going to take the most care to protect his livelihood, so he's the safest.

But most micro carriers are kind of spread too thin. With 4 or 5 trucks, the owner is probably still driving close to full time, but doesn't have enough trucks to support office staff so he's burning the candle at both ends and likely coming up short on compliance. Plus these companies tend to be the ones suffering from cash flow problems that cause repairs to be put off. And, unfortunately, these are often the companies hiring drivers the mega carriers won't touch (obviously this isn't you, but far too many micro carriers are this way).

As that micro carrier grows into a small carrier, it hires dedicated staff and generally gets better systems put in place. Yet it is still small enough that they can be very selective on whom they hire (this sounds like you). So they have the best drivers or, more likely, don't hire as many bad drivers which makes them very safe.

Growing above that size, and you generally have to start compromising on drivers in order to fill seats. So mega carriers accident rates go up.