Texas court rules Landstar to pay 100% of $23M accident verdict

Freight broker Landstar System again called out elevated insurance and claims expenses ahead of a quarterly earnings report. In a Wednesday filing with the Securities and Exchange Commission, the company outlined 22millionininsurancerelatedchargestakenduringtherecentquarter.Thefilingsaid,highlyelevatedinsuranceandclaimscostsof22 million in insurance-related charges taken during the recent quarter. The filing said, “highly elevated insurance and claims costs of 56 million,” included 22million(49centspershare)inunfavorableclaimsactivity.Itflagged22 million (49 cents per share) in unfavorable claims activity. It flagged 11 million (24 cents per share) in charges from two separ ...

Texas court rules Landstar to pay 100% of $23M accident verdict - Reportify