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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. 

Karen Sorrell

America's Claims Executive (ACE) 2020Event

ACE Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

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