``Driving Down the Cost of Vehicle Crashes;'' Root Causes of Crashes and Preventative Measures for Commercial FleetsSAN DIEGO--April 14, 2004--DriveCam Video Systems, a developer of fleet safety technology, today announced the availability of the white paper "Bringing Down the Cost of Vehicle Crashes: The Impact of the DriveCam Driving Feedback System on Insurance Costs for Commercial Fleets." Intended for insurance executives, risk managers and fleet operators, the white paper analyzes the costs and examines the 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 U.S. 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 who 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 commissioned by DriveCam and was written by Kennith D. Brock, CSP. Brock is a senior partner with Strategic Safety Solutions LLC, a risk/safety consulting firm. Brock has over 30 years of experience working with clients to reduce business operational losses. This experience includes 28 years with Liberty Mutual Insurance's Loss Prevention Department, six years as senior vice president and general manager.
"Driving Down the Cost of Vehicle Crashes" is available by contacting DriveCam at 1-866-419-5861 or at http://www.drivecam.com/docs/InsuranceWhitePaper.pdf.
About DriveCam Video Systems
DriveCam Video Systems develops fleet safety technology that improves driving performance and lowers fleet operating costs. Based in San Diego, the company's Driving Feedback System combines video technology and management software to reduce the cost of poor driving. By changing driving behavior, the Driving Feedback System has lowered annual accident rates by 35% to 70%. When accidents occur, DriveCam recordings provide unbiased evidence to determine fault and expose fraudulent insurance claims. Used by thousands of commercial vehicles, the Driving Feedback system has been endorsed by the insurance industry as an effective loss control system. Additional information is available at www.drivecam.com.