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High cost of truck crashes

Published Sunday, May 01, 2005

A recent report on the commercial automobile insurance cited two factors as most responsible for hampering this industry: the price inflation of hospital services related to injuries in crashes; and large jury awards. In fact, the report cited two truck crashes that occurred in September 2004 that together resulted in jury awards totaling $36.5-million. That's an astonishing sum of money. A little over two years ago, I remember being jolted when hearing about a $6.9-million award for a rear-end truck crash in Nashville. Reading about a combined reward of $36.5-million for two crashes was even harder to comprehend. ...

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