Moving fast fast forward: The great US speed limit debate
June 25, 2018
In the United States, elected officials in states from Idaho to Virginia are discussing possible changes to speed limit rules. Legislators in multiple states are also pursuing the elimination of speed limit differentials for cars and trucks. The topic has generated a lot of debate in the safety community with a variety of academic studies reaching different conclusions.
The Owner-Operator Independent Drivers Association, for instance, says roadways are safest when all vehicles are permitted to travel at the same rate of speed. At the same time, many states are proposing to increase speed limits. However, a 2016 US Department of Transportation study of fatal crashes completed by the Federal Motor Carrier Safety Administration found that speeding was the number one factor responsible for loss of life (297 deaths and 6.8% of all fatalities). Conversely, driving too slow on a high speed roadway can also create hazards.
As an insurance carrier, XL Catlin has a vested interest in customer driver safety and defensive driving practices. We have long been a proponent of obeying speed limits, maintaining speeds appropriate for conditions, and generally recommending safer and slower speeds for our insureds. These practices allow more time, particularly for truck drivers, to react and take safe actions. However, the recent debate on increased speed limits and regulatory action on variable speed roadways continues to present challenges for our clients.
Property losses from catastrophes are getting worse
January 15, 2020
Carriers who take an integrated and transparent approach are best equipped to help clients proactively mitigate growing property exposures.
Increasing intensity of natural disasters and more unpredictable weather has made managing property exposures more challenging than ever.
Climate scientists say
Before more freezing weather, heavy snow or ice arrives this winter, now is the time for business owners to prepare and reduce their risk of property damage and business interruption. AXA XL Risk Consulting offers guidance.
A late Thanksgiving in the US in 2019 put travelers squarely in the path of
Property Perspective: Steering through a firming commercial property insurance market
November 25, 2019
2020 is almost here. As we look back, it’s been quite a year for AXA XL’s Michele Sansone and her North America Property Insurance team. For the first time in a long time, she and her team are helping clients manage a firming commercial property insurance market. In the face of increasing insurance costs,