When fleets are hit with huge post-crash settlements, who pays?

March 14, 2020

In post-crash litigation in which juries order trucking companies to pay multi-million-dollar settlements, who actually foots the bill?

Mostly, it depends on the fleet, their size and their type of insurance.

Many larger fleets are self-insured up to a point, meaning they are on the hook for a certain amount of liability before their insurance company takes over. In the case of some of the largest trucking companies, they may be self-insured for $10 million, said attorney Charles Carr of the Birmingham-based law firm Allison Carr. If such fleets are hit with a verdict higher than $10 million, the trucking company would then have to payout $10 million before insurance comes in to pay the rest.

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