Motor Carrier Insurance
October 7–8, 2021
In-Person & Virtual Option Available!
Update Option for National Alliance Designees!
Motor Carrier Insurance Conference
October 7–8, 2021
The in-person event will be held at the Orlando Airport Hyatt, with a virtual option available!
Each year MCIEF members, designees, and other insurance and risk management professionals interested in the transportation industry will have the opportunity to attend and participate in the MCIEF Annual Motor Carrier Conference. The conference is designed for individuals wishing to remain current and thereby well-equipped to confidently provide insurance and related services within the ever-changing environment that motor carriers operate.
The Annual Motor Carrier Conference agenda will feature guest speakers providing their perspectives on current developments and trends in the trucking industry. Topical content, though not limited to these, will include
- Industry and Insurance Concerns for Motor Carriers (4-Hour CE)
- MCS90 and Defending Motor Carriers (4-Hour CE)
- Cyber Legal responsibility or fault. More and Technology (4-Hour CE)
- Insuring Drivers of Commercial Motor Vehicles (4-Hour CE)
This event is approved for 16 Hours of CE in 49 states; Hawaii does not qualify.
This event is approved for National Alliance Designation Update Credit.
Day 1- AM
INDUSTRY AND INSURANCE CONCERNS FOR MOTOR CARRIERS
For-hire interstate motor carriers’ insurance needs, underwriting, and pricing are based on the motor carriers’ operations.
With a new administration and a new focus, how will Washington and the Federal Motor Carrier Safety Administration (FMCSA) rules and regulations affect how motor carriers operate? How will insurance carriers adjust?
COVID has changed how businesses operate, including for-hire interstate motor carriers. Truckers find their position more favorable with more freight to haul, but there are negatives—fewer drivers, more FMCSA inspections, and enforcement of their policies.
The American Transportation Research Institute (ATRI) conducts research on the operations of motor carriers and reports their findings. These findings provide needed information to for-hire interstate motor carrier insurance providers.
Day 1- PM
MCS90 AND DEFENDING MOTOR CARRIERS
When a motor carrier gets sued, the insurance company has a duty to defend but only if there is coverage. This session will review the coverage provided by the Motor Carrier Coverage Form and how the MCS90 endorsement affects the obligation to protect the public by the insurer even when there is no coverage.
It will also review court rulings that provide insight on how to better defend the motor carrier and examine the legal process.
The session will also review the new requirements of hiring a new driver as well as the technology that can help with defense.
Day 2- AM
CYBER LIABILITY AND TECHNOLOGY
This session will address new exposures that a motor carrier and their insurance provider face. Cyber exposures and coverage will be addressed. The exposure for a for-hire interstate motor carrier is different than most other businesses, not in terms of the individual’s information but in terms of operations, such as cargo theft of loads, and more importantly, ransom exposure. Unique exposure equals Unique coverage. Retail agents must understand the exposures so they can explain to the insured as well as assist in taking preventive measures.
Technology for motor carriers is developing quickly. How can this new technology affect the operation of the insured and how will it affect coverage and defense? This does not necessarily have to do with driverless trucks and the question of who is responsible, but has to do with any technology used to assist the driver in operating safely and reducing crashes. What technology is there, and how will it affect coverage if the insured does not have it or it is not used?
Day 2- PM
INSURING DRIVERS OF COMMERCIAL MOTOR VEHICLES
Drivers of commercial motor vehicles are important for insureds. Drivers’ on-road activities affect the insured’s safety record, which is a factor in obtaining loads, obtaining insurance, and meeting FMCSA rules and regulations.
Driver shortage is a concern to motor carriers. There are more loads available but not enough drivers to cover the loads. Will motor carriers select drivers based on quantity versus quality? The insurance industry’s key consideration when offering insurance to for-hire interstate motor carriers is the drivers the insured selects to drive their covered autos.
It is the driver who is the tortfeasor in a crash. Their actions are what an insurance provider defends, and damage by the driver’s negligent acts are what the insurance company pays.