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“The overwhelming belief among fleets and their insurers/reinsurers today is that the commercial auto insurance market is not working,” says Keith Dunlap, of Gallagher Basset. (Credit: Jason Doiy/ALM) “The overwhelming belief among fleets and their insurers/reinsurers today is that the commercial auto insurance market is not working,” says Keith Dunlap of Gallagher Bassett. (Credit: Jason Doiy/ALM)0300

During the past few years, the commercial trucking industry has seen total cost of risk rise by double digits, while predicting outcomes has grown more difficult as the sector faces a slew of challenges ranging from a shortage of experienced drivers to large “runaway verdicts,” according to Keith Dunlap, Gallagher Bassett transportation practice leader.

“The overwhelming belief among fleets and their insurers/reinsurers today is that the commercial auto insurance market is not working,” he tells PropretyCasualty360.com “The nexus between high verdicts and insurance premiums cannot be emphasized enough.”

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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