• Business Accounting

    Budreck Truck Lines names new CEO

    Fleets, email your new hires, promotions, employee certifications and/or accomplishments to [email protected] A round up of trucking’s people news and headline makers for the week of Sept. 5. Budreck Truck Lines names new CEO Chicago-based refrigerated LTL specialist Budreck Truck Lines has named Tim Johnson president. He takes over the position from Budreck’s founder Bradley Subler, who will move into the role of CEO. Johnson has been with Budreck since 1998, having served as general manager and director of sales since 2009. The decision to promote Johnson to the role of President comes as the company enjoys its busiest year  

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  • Insurance

    Unvaccinated Delta Air Lines employees face health insurance surcharge

    Americans infamously vote with their wallets. Turns out, they may get vaccinated against Covid with their wallets, too. In the two weeks since Delta Air Lines announced a $200 monthly health insurance surcharge for unvaccinated employees, 20% of Delta’s unvaccinated employees have already gotten the jab, Dr. Henry Ting, Delta’s chief health officer, said in an Infectious Disease Society of America briefing Thursday. “I think [that’s] a huge number in terms of shifting that group that’s most reluctant,” he said. Of the airline’s 80,000 employees, 20,000 still remain unvaccinated, added Ting, who is also an adjunct professor of medicine at  

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  • Unsecured Loans

    Payday lender lines of credit and instalment loans at 47{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} create debt traps, critics say

    Patricia Edwards of Toronto wanted to help her two adult daughters when they fell behind on bill payments at the rented townhouse they share.   She has few assets and a poor credit history, but she was employed at the time, so she went to a payday lender — not for a payday loan, but for an ongoing line of credit.  “I was like, OK, let’s see if I qualify for the loan because I’m working.” Edwards, 53, was able to borrow $1,500 early in 2019 from Cash Money. But then she lost her job, and in 2020 came the pandemic.  

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  • Vehicle Insurance

    The Gig Economy’s Auto Insurance Market and Surplus Lines

    Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor vehicles continue to expand and evolve, as do businesses and their automobile insurance needs, especially in the gig economy and now with the current COVID-19 pandemic disruptions. No longer do individuals exclusively rely on traditional car rental companies for their temporary travel needs, as fleet-based services have grown exponentially, allowing for utilization of app-based technology to identify local vehicles for immediate use. In addition, peer-to-peer services have carved out an impressive piece of the automobile rental and delivery  

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  • Insurance

    A.M. Best maintains ‘negative’ outlook for U.S. commercial lines

    Ratings agency A.M. Best Co. said Tuesday it is maintaining its “negative” outlook for the U.S. commercial lines segment for 2021 amid ongoing uncertainties related to COVID-19 and its economic fallout. Pricing for most lines of U.S. commercial insurance will accelerate in 2021 as insurers face continued pressure from higher reinsurance rates and elevated catastrophe losses, Best said in its report on the sector. However, economic factors may limit insurers’ ability to increase prices and enforce stricter underwriting practices while maintaining market share, the report found. The Oldwick, New Jersey-based ratings agency in April had revised its outlook for the  

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