Commercial auto vehicle drivers often fall victim to the same claims scenarios that apply to any drivers, including severe and sporadic weather events. High winds, precipitation and related poor pavement conditions pose risks to commercial auto operators, as well as to their fellow drivers along their routes. (Credit: WR7/Shutterstock.com) Commercial auto vehicle drivers often fall victim to the same claims scenarios that apply to any drivers, including severe and sporadic weather events. High winds, precipitation and related poor pavement conditions pose risks to commercial auto operators, as well as to their fellow drivers along their routes. (Credit: WR7/Shutterstock.com)

The insurance industry has seen an increase in the number of commercial auto claims, the costs of those claims and a subsequent rise in premiums. Given the variety of factors at play including supply chain delays, labor shortages, an increase in weather events, and more, this trend will likely continue, making risk mitigation strategies a top priority for business owners across a number of industries.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.