Now that the holiday season is upon us, traffic and congestion on roadways big and small is at a peak. Trucks and tractor trailers remain a common site on interstate highways and local roads. Recent data suggests that truckers are finding it harder to obtain liability insurance to cover their fleets. Some insurance companies have left the market in response to several large personal injury truck accident settlements that have been made over the past few years.
The Department of Transportation has reported that although the number of people killed in accidents with large trucks declined 20% over the past decade, the number actually increased last year. Furthermore, there has been an increase over the past few years in the number of large verdicts where juries award tens of millions of dollars or more to families of truck accident victims.