Operations

DriveCam Releases Study on Vehicle Crashes

Posted on April 28, 2004 by LCT Staff - Also by this author - About the author

SAN DIEGO – DriveCam Video Systems released the white paper “Bringing Down the Cost of Vehicle Crashes: The Impact of the DriveCam Driving Feedback System on Insurance Costs for Commercial Fleets.” The white paper analyzes and examines the costs and root causes of motor vehicle crashes, especially as they pertain to commercial fleets.

According to the National Highway Traffic Safety Administration, motor vehicle collisions cost the United States more than $230 billion each year.

For fleets, the costs include both insured and uninsured expenses. In examining these costs, the white paper considers the relationship between losses and insurance rates, the effect on worker’s compensation costs and preventative actions taken by fleets. It also includes two case studies involving fleets that use the DriveCam Driving Feedback System to reduce collisions.

“To reduce expenses, insurance carriers are looking for ways to help customers reduce losses,” said Ed Andrew, president of DriveCam. “Fleets are taking on more of the cost of crashes, which leads them to focus on internal fleet safety programs. This white paper discusses ways to effectively reduce the frequency and severity of collisions by managing and improving driving behavior.”

The paper was written by Kennith D. Brock, CSP, who is a senior partner with Strategic Safety Solutions, LLC, a risk and safety consulting firm. It’s available by contacting DriveCam at (866) 419-861 or at htt p://www.drivecam/docs/InsuranceWhitePaper.pdf

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