Insurance bureau trying to pump the brakes on trucking insurance costs

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The bureau asked consulting company MNP to find out why insurance costs were climbing, and driver inexperience was found to be one of the causes.

Rookie truck drivers smashing up their rigs and making costly claims are driving up insurance costs, an Insurance Bureau of Canada report said earlier this month.

Another reason is that jury awards given out by U.S. courts in cases against Canadian truck drivers involved in crashes in the U.S. are also raising premiums for international haulers. Once the bugs are worked out, the program will be presented to the government with the hope of making an onboarding program mandatory, industry wide.But it’s too soon to say that it’s not working because only a minority of drivers have taken the course, Earle added.He stressed that entry-level training does not make a new driver a fully competent employee. “It just doesn’t,” Earle said.

According to MNP’s report, “Regular, one-on-one mentoring and training from experienced drivers can increase the safety of new drivers.”Earle said that more safety requirements are making a difference.The MNP report found that setting up roadside inspections and safety checks increases safety compliance.

 

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