Another one bites the dust: Trucking companies in demise

Jan 20, 2020 at 09:21 AM CST - 1
For the past several years, the market for truckers insurance was generally considered “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. Recently, another trucking company ceased operations, joining a group of hundreds of trucking companies that have shuttered operations in 2019.

Jan 20, 2020 at 09:21 AM CST

- 1

For the past several years, the market for truckers insurance was generally considered “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. Recently, another trucking company ceased operations, joining a group of hundreds of trucking companies that have shuttered operations in 2019.