NASHVILLE, Tenn. 鈥 Insurers say the technology motor carriers may use to become safer is great, but truckers shouldn鈥檛 expect any rebates on insurance rates for adopting the equipment.
鈥淲e haven鈥檛 seen any change in the loss picture based upon technology,鈥 said Jack Burkert, executive vice president of Lancer Insurance Co., Long Beach, N.Y. Lancer insures limousines, airport shuttles and truckers but specializes in buses.
Burkert, testifying Sept. 1 at a truck and bus safety technology summit called by the National Transportation Safety Board, said it is difficult for his company to offer rate incentives to motor carriers for using computers and other devices on their vehicles intended to improve safety.
He said his company鈥檚 rates are 鈥減erformance-based.鈥
鈥淲e鈥檙e a safety advocate and a risk-sharing mechanism,鈥 Burkert told NTSB. 鈥淲e鈥檙e only as good as our policyholders. If policy holders improve their performance and accidents go down, then costs go down.鈥
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