At Joe Morten & Son, we believe an investment in year-round safety practices is a sound one that will yield future returns. Based on typical claims, we suggest the following:
JANUARY
January’s loss trends show an increase in loss of control, intersection, and backing crashes. Adverse weather and road conditions contribute to loss of control crashes.
FEBRUARY
February’s loss trends find an increase in rear-end and loss of control collisions.
MARCH
Claims due to hit objects and backing collisions tend to spike in March.
APRIL
April’s loss trends show an increase in intersection collisions.
MAY
Rear-end and loss of control/upset crashes tend to increase in May.
JUNE
June’s trends show increases in lane change/sideswipe and intersection collisions.
JULY
Typically, July’s most frequent and severe claims result from rear-end collisions, mechanical defects and lane change/sideswipes.
AUGUST
Rear-end and intersection collisions, mechanical defects and sideswipe crashes are typical losses that occur in August.
SEPTEMBER
September’s loss trends show higher rates of intersection and lane change collisions.
OCTOBER
Increases in intersection, rear-end, and lane change/sideswipe collisions, as well as hitting object losses, tend to occur in October.
NOVEMBER
Claims in November’ tend toward upsets, and intersection, sideswipe, hitting object, and loss of control collisions.
DECEMBER
December’s loss trends reveal spikes in loss of control, intersection and sideswipe collisions.
Contact your Joe Morten & Son agent or Larry Barton, JMS Risk Management Specialist, for tools and resources to address these monthly trends.
Note: These lists are not intended to be all-inclusive.
This material is intended to be a broad overview of the subject matter and is provided for informational purposes only. Joe Morten & Son, Inc. does not provide legal advice to its insureds or other parties, nor does it advise insureds or other parties on employment-related issues, therefore the subject matter is not intended to serve as legal or employment advice for any issue(s) that may arise in the operations of its insureds or other parties. Legal advice should always be sought from legal counsel. Joe Morten & Son, Inc. shall have neither liability nor responsibility to any person or entity with respect to any loss, action, or inaction alleged to be caused directly or indirectly as a result of the information contained herein. Reprinted with permission from Great West Casualty Company.