While factors like increased repair expenses, more frequent claims and stricter regulatory requirements are responsible for over a decade of premium increases, insurance remains a large cost of doing business.
Trucking companies faced $165 million in nuclear verdicts in 2023, with an increasing trend of thermonuclear verdicts. Mounting costs from these large verdicts present significant challenges for the commercial auto insurance market.
Increasing auto insurance premiums have been a concern over the past couple of years. Here are four insurance reports agents can use when discussing the market with clients.
With distracted driving a leading cause of road accidents, agents can educate customers about the dangers and offer incentives for positive driving behavior.
Improving technology is a determining factor for many carriers as they look to employ a strategic response to a sustained rise in claims frequency and severity.
Restaurateurs face difficulties hiring and retaining staff, an ever-evolving landscape of changing technologies, economic and social inflation, and the recent Department of Labor (DOL) overtime rules changes.
As the journey toward autonomous trucks begins to unfold in earnest, technology is playing a significant role in improving industry safety.
Central to building a long-lasting relationship with personal auto clients is communicating what is happening in the marketplace and discussing what’s coming down the pike.
The use of technology continues to revolutionize most industries, with improvements in artificial intelligence (AI) having a direct impact on the trucking industry.
Carriers and agents are playing a key role in the increased use of technology to manage workplace safety risks.
