In 2020, few carriers will be willing to consider distressed trucking operations with fewer years in business, poor safety scores, and losses. (Photo: Shutterstock) In 2020, few carriers will be willing to consider distressed trucking operations with fewer years in business, poor safety scores, and losses. (Photo: Shutterstock)

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. 

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Auto
E&S/Specialty