<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1557350231232256&amp;ev=PageView&amp;noscript=1">

Kevin Forbes

Kevin Forbes
Kevin has been with ECBM for 12 years- holding various positionswithin the firm. Currently, Kevin is a consultant servicing clients across various industries, with a strong focus on transportation and companies in the logistics arena. Kevin has been successful working with clients to help reduce their overall cost of risk while managing the exposures they face. Prior to his current position, Kevin was in the Marketing Department at ECBM. In this role, he handled the program design and negotiations for prospective clients... Here is where Kevin gained experience working with companies in the Transportation, Construction, and Real Estate Industries. Kevin attended Temple University and graduated from their esteemed Risk Management and Insurance Program. He is working towards his Chartered Property and Casualty Underwriter (CPCU) designation. Kevin currently sits on the PA Motor Truck Association- Philadelphia Chapter Board. He is also a member of The Pennsylvania Motor Truck Association, American Trucking Association, Truckload Carriers Association, Specialized Carrier and Rigging Association, and Charter Property and Casualty Underwriters.
Find me on:

Recent Posts

Reinsurance Costs Likely to Spike in 2023: What You Need to Know

As the insurance industry begins its outlook reporting for 2023, many experts have noted that reinsurance renewals and new business are likely going to experience price hikes in the next year. After years of uncertainty in the market due to global crises, political turmoil, and
environmental collapse, it's not entirely a shock but rather something to prepare for in the
months to come.

Everything You Should Consider for Trucking Insurance

In the United States, the trucking industry employs 7.3 million people and moves 10.5 billion tons of goods every year on average! With this much influence in the U.S comes an even bigger burden of liability. The Federal Motor Carrier Safety Administration regulates the standards of protection for the trucking industry to ensure increased safety for the employees, the goods being carried, and other drivers on the road.

Telematics: The Future of Auto Insurance

Many factors influence the rate of car insurance that's given to an individual or business. An individual's age, driving history, location, make and model of vehicle, and the purpose of the vehicle can all affect the insurance costs. Though these have been the standard factors for decades, as the world adapts to new ways of operating, the insurance industry is seeking ways to keep up with modernized operations.

Staged Auto Accidents: What You Need to Know

While most people think of motor accidents as tragic and financially threatening, a growing population of criminals look to them as a chance to commit insurance fraud and receive financial gain. Years ago the occurrence of staged accidents was a small threat that received little attention-but times have changed. In a recent report on the trucking industry, experts warn that insurance fraud is a serious and prevalent threat to the trucking industry. Staged accidents can involve sophisticated tactics that may be hard to recognize, especially if an involved individual is under the distress of a recent accident. Though people may assume staged events are one-off events, some criminal groups will plan and execute up to multiple accidents in a short period of time.

Why the U.S Trucking Industry May Be Facing Higher Insurance Premiums

Insurance premiums, in general, are experiencing an increase in rates due to the backlash of the pandemic. Though the industry experienced downsizing and some employment loss during the initial stages of the pandemic, the trucking industry has recovered faster and continues to be one of the few sectors to experience minimal long-term business fallout from COVID-19. If anything, trucking has experienced the opposite. The industry has been a driving force in empowering the U.S to adapt to these times with deliveries of vaccines, medical supplies, and consumer goods. So why then are we seeing an increase in premiums for trucking insurance and even congressional mandates?

MCS-90 Is NOT Insurance... So What Is It?

The Federal Motor Carrier Act of 1980 placed a number of requirements on interstate truckers at the same time it led to widespread deregulation of the industry. One of these requirements involved proof of financial responsibility. To ensure the safety of the public against damage caused by motor carriers who may not have the liquidity to pay resulting claims, the law requires that motor carriers be able to demonstrate the ability to pay any claims up to a statutory minimum.

Wage And Hour Claims Can Stack Up Against Employers

Wage and Hour litigation continues to increase across most types of businesses in the United States.  The number of cases filed in the US reached an all-time high in 2015.  Unsurprisingly, industries with large number of service jobs caused the majority of cases and losses: hotels, restaurants, leisure companies, as well as department stores and supermarkets.  The nature of these suits can vary but often involve multiple claims - misclassification of employees, failure to pay or calculate overtime properly, breaking rules on rest periods and meal periods, as well as a host of violations relating to the paying of tipped employees.

Clear Details Missing In ELD Compliance For Carriers And Drivers

 

While successful court challenges have managed to block a number of high profile regulatory changes in recent months, a Chicago court upheld a major new rule facing the trucking industry at the end of October.  The Federal Motor Carrier Safety Administration has issued a rule requiring trucking companies to install electronic logging devices aimed at ensuring compliance with hours of service safety requirements.  A legal challenge against this rule brought by the Owner-Operator Independent Drivers Association (OOIDA) failed to succeed.

Fiduciary Rule Changes Up In The Air

The Department of Labor’s new fiduciary rule with respect to retirement plans caused a lot of consternation when first announced.  The new rule created special rules aimed at limiting conflicts of interests within the world of investment advice for retirement accounts.  Some people within the industry decried the rule as more needless regulation that would only increase costs for consumers, whereas others simply saw it as codifying changes most investment advisors had already made in the wake of the 2008 financial collapse.  Now, though, several factors raise questions as to the rule’s status before it goes into effect in June of 2017. 

MCS-90 Is Not Insurance... So What Is It?

The Federal Motor Carrier Act of 1980 placed a number of requirements on interstate truckers at the same time it led to widespread deregulation of the industry.  One of these requirements involved proof of financial responsibility.  To ensure the safety of the public against damage caused by motor carriers who may not have the liquidity to pay resulting claims, the law requires that motor carriers be able to demonstrate the ability to pay any claims up to a statutory minimum.