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Cargo Insurance Changes for the Trucking Industry

Cargo Insurance Changes for the Trucking Industry

The past year has been difficult for cargo insurance companies. Three claims in particular had an adverse impact on the cargo insurance industry. A big loss at a distribution facility following tornados in Nashville, a loss in the Port of Beirut and a loss aboard the Golden Ray vessel, which lost 4,200 vehicles on board. […]

Strategies to Mitigate Increasing Truck Insurance Premiums

Strategies to Mitigate Increasing Truck Insurance Premiums

Commercial truck insurance rates continue to rise. According to a second quarter 2020 report from the commercial insurance broker Marsh, over seventy five percent of commercial vehicle accounts experienced a rate increase in the most recent quarter. The average rate increase was between ten and twenty percent. Truck liability insurance is critical to an operator’s […]

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