Pricing for transportation insurance continues to point to a steady decline, marking no material change from the last quarter, according to a brokerage firm survey.
Woodbridge, N.J.-based specialty brokerage NIP Group Inc. said its latest "Transportation Insurance Pricing Survey" indicates rates in the transportation insurance marketplace still show steady declines between 10 and 20 percent across all account sizes.
All market segments continue to experience excess capacity driven by continued soft market conditions which is increasing the availability of insurance.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
Already have an account? Sign In
© 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.
