Dohrn bets on camera data to cut fleet insurance costs
Insurance premiums are skyrocketing across trucking. Dohrn President and CEO Robert Howard says fleets that own their safety data get to write their own experience rating. The post Dohrn bets on camera data to cut fleet insurance costs appeared first on FreightWaves .
Insurance costs have been rising significantly in the trucking industry, and carriers have no choice but to accept this trend. However, Dohrn, a Midwest LTL carrier with approximately 2,000 employees, has found a way to lower its insurance expenses by utilizing AI cameras. This strategy has resulted in nearly a 20% reduction in accidents since they began converting their fleet to dual-facing event recorders around a year ago.
Dohrn's CEO, Robert Howard, explained that the decision to implement these cameras was driven by the increasing insurance costs, rather than any external pressures from insurers. The use of AI cameras provides safety benefits, as well as making the claims resolution process easier, as footage can help determine who is at fault. The shift towards using technology to improve safety has become a significant factor in Dohrn's negotiations with potential customers, alongside sustainability.
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Also reported by 1 other outlet
- Dohrn bets on camera data to cut fleet insurance costs finance.yahoo.com