Shippers and freight brokers are facing a “landslide” of lawsuits related to truck accidents, says Tucker Company Worldwide President Jeffrey Tucker.

Those lawsuits are costing shippers and third-party logistics companies millions of dollars in settlements and putting pressure on insurance costs, Tucker said.

“The insurance industry is slowly pulling out of trucking activities,” he said, as settlements in accident cases mount to the $20 million to $25 million range. Read the full article here.