Trucking News · Nevada · November 9, 2026

Truckers: Nevada Jury Hears Spirit Insurance Collapse Suit

By Big Rig Daily Staff

Image caption: Illustration: AI-generated illustration, not a photo of the people, vehicles or places in this story. It shows a generic courthouse with a semi in the distance.

Courtroom View Network reporting says a Clark County, Nevada, jury heard opening statements Friday in a civil suit over the collapse of Spirit Commercial Auto Risk Retention Group. Nevada's insurance commissioner alleges the program administrator, CTC Transportation Insurance Services, owes $44 million and that Spirit board members failed to manage and document finances. The suit was filed in 2020. No verdict is reported.

Spirit insured commercial vehicles and ended in receivership. Attorney Mark Ferrario, for the commissioner, told jurors there is "a lot of finger pointing going on" and showed a 2019 email in which a company officer confirmed CTC owed Spirit roughly $35 million. Six defense attorneys for former Spirit board members and CTC executives gave opening statements, each placing blame on CTC, Spirit or the commissioner's office. Those are opening arguments, not findings.

Why small carriers watch insurer failures

When a trucking insurer fails, policyholders can face sudden coverage gaps. This trial concerns alleged mismanagement around one risk retention group. The claims are allegations until a jury decides them.

FAQ

Has the jury reached a verdict in the cited coverage?

No. Openings began; the trial was expected to continue.

Is the $44 million figure a court award?

No. It is an amount claimed in the commissioner's suit.

Has your carrier ever had to replace coverage after an insurer quit the market?

Sources: blog.cvn.com.

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