Since the birth of car rental, the airport market was the primary breadwinner for the industry. In fact, for many years, a local market scarcely existed. When it did, its earnings were just a fraction of the revenue that the airport locations brought in each year.
Not clear on what the new legislation covers? Here's one attorney's analysis of how the highway bill's Graves amendment will impact the vehicle rental industry.
Regulation of SLI sales falls under the jurisdiction of state insurance departments. Some states require a special limited license to sell SLI.
Unlike protection offered by credit card companies, damage waivers sold at the rental counter are always primary. Unfortunately, most consumers are unaware of the difference.
The battle to repeal or limit vicarious liability is still being waged in New York and Connecticut at the state level, but federal reform efforts may hold the most promise.
The summer of 2003 saw independents and franchisees in the state scrambling to secure fleet insurance. Exposure arising from vicarious liability, combined with a hardened insurance market, produced a dearth of options.
Are losses like diminution of value and administrative costs pummeling your bottom line? Stop compromising. It’s time to raise the bar for risk management and loss recovery.
There are several steps you can take to help determine whether you should purchase new or pre-owned vehicles and how you should finance your fleet.
Several factors, including 9/11 claims and industry consolidation, have led to a hard insurance market. But car rental operators still have options to help keep future rates in check.
Vehicle rental companies, especially independents and smaller franchisees, often ask our law firm whether they can require customers to purchase collision damage waivers or supplemental liability insurance.
Every March thousands of college students head south in search of the ultimate party. It's spring break — when they can finally take a breather from the grind and pressures of studying and taking exa...
