What is Social Inflation? It's Impacting Your Truck Insurance Cost
In this episode of the BulkLoads Podcast, Jared Flinn and Larry Hurt sit down with Drew Easton from AmWins to uncover critical insights about the trucking insurance industry that every carrier needs to hear. With over 30 years in underwriting and specialized knowledge in environmental risk, Drew explains the rising cost of insurance premiums and introduces the concept of social inflationa powerful force quietly driving up claim payouts and insurance costs across the industry.
They break down the real-world implications of pollution liability, towing coverage, and the importance of dash cams, while emphasizing why working with a TRS-designated agent could save your business thousands. Whether youre hauling grain, feed, fertilizer, or hazardous materials, this episode provides tactical guidance on improving your risk profile, reducing insurance costs, and navigating todays complex insurance environment.
Plus, hear what makes AmWins underwriting approach unique and how it can benefit your trucking operation. Dont miss this deep dive into the hidden drivers of your insurance rateand what you can do to take control.
