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Steep insurance premiums lead another carrier to cease operations

Mar 12, 2020 at 08:35 AM CST

“Insurance is making it untenable to do business.” For 101 Transport, the point of “untenable” was reached after one of his company’s trucks was involved in a serious accident in Utah. Following the accident, 101 Transport saw its insurance premiums increase by 70%. “The government has got to step in on this issue before more companies go out of business,” he said.