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.
It is sometimes necessary for production facilities or industrial plants to be fully or partially shut down, remain mostly unoccupied for a period of time, or operate with reduced staff. The following precautions should be taken to ensure the proper level of protection in these idle or partially idle
Look, no hands: Transferring the risk of autonomous technology
March 19, 2020
A few decades ago, the idea of driverless cars may have sounded like something from a sci-fi movie. But now autonomous vehicles are a reality. It is estimated that by 2026, as many as 21 million self-driving cars will be on the roads worldwide.
As tech entrepreneur Elon Musk once said: “When Henry Ford
Property Perspectives: Why insure all your commercial property with one insurer?
March 04, 2020
In this edition of Property Perspectives, we chat with Jeff Williams, Senior Vice President, Product Line Leader, North America Property Platinum Accounts about the state of the commercial property insurance market and AXA XL’s Platinum Property Solution. Although many insurance companies within the