Another One Bites The Dust: Trucking Companies In Demise
2019 was a bad year for trucking company closures. The affordability of insurance is sharing the blame but other factors need to also be considered.
January 13, 2020 at 05:46 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
For the past several years, the market for truckers insurance could be said to be “hard” overall, characterized by increased premiums and a lack of insurers willing to assume the risk. While this may not be the case for companies with excellent safety records and no losses, those companies that have questionable safety records and/or crash losses are struggling to obtain affordable insurance. Last week saw yet another trucking company ceased operations, joining a group of hundreds of trucking companies that have shuttered operations in 2019.
This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.
Request a Free Trial today to enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.
Trusted, quality content from industry experts with over 60 years insurance experience, combined
Customizable alerts of changes in relevant policies and trends
Search and navigate Q&As to find answers to your specific questions
Filter by article, discussion, analysis and more to find the exact information you’re looking for
Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].
Get Answers Directly From the FC&S Experts
Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.