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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.  

For more on this on-going debate, DOWNLOAD the latest XL Catlin Environmental Risk Bulletin: Speed limits – the great safety debate.

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Global Asset Protection Services, LLC, and its affiliates (“AXA XL Risk Consulting”) provides risk assessment reports and other loss prevention services, as requested. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. AXA XL Risk. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any publication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. Save where expressly agreed in writing, AXA XL Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with this publication, including indirect or consequential loss or damage, howsoever arising. Any party who chooses to rely in any way on the contents of this document does so at their own risk.

US- and Canada-Issued Insurance Policies

In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following AXA XL surplus lines insurers: XL Catlin Insurance Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor Insurance Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.