Gaining deeper insights into a carrier and their relationships within the industry is essential for tracking fraud, and the ability to contact the company owner via email during booking is a valuable feature. The industry is evolving rapidly, and having access to this resource offers an extra layer of data to help identify bad actors before a booking is made. CarrierOK consistently seeks ways to enhance its product and stay ahead of emerging fraud trends in the industry. One of the most critical aspects is detecting insurance fraud, particularly when a trucking company is double-brokering or leasing carriers without providing the primary tier of insurance, which introduces significant risk and is fraudulent. Insurance companies should perform more thorough due diligence to fully understand who they are insuring and to monitor trucking companies' VINs and driver ratings, ultimately helping to reduce risks for both their own sector and the broader trucking industry. Review collected by and hosted on G2.com.
ELD tracking information is essential for monitoring both truck and driver activity, which is vital for insurance purposes and the transportation industry as a whole. Recently, FMCSA systems have been exploited in increasingly sophisticated fraud schemes, enabling malicious actors to take over an MC and leave everyone at risk. Currently, CarrierOk is unable to fully address this issue, as it would require the FMCSA to implement stricter identification checks and more robust procedures for verifying ownership changes and insurance VINs when granting authority or tracking equipment changes. Collecting IP addresses could serve as an additional layer of defense. It is also essential to raise awareness among insurance companies, which may unknowingly provide coverage to these fraudsters without conducting thorough due diligence. Working with Insurance providers to share IP addresses at the time of purchase for their products will require greater innovation. Review collected by and hosted on G2.com.
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