Market Insights

Along with heading up the financial services and employee benefit department of the long-standing Plastridge Insurance Agency in Southeast Florida, Julian Lago is current president of the Florida Association of Health Underwriters (FAHU).

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As any motor carrier knows, America runs on trucks. Motor carriers play a vital role in keeping our factories and offices supplied and our store shelves stocked.

Double-digit rate decreases are nearing the end in transportation insurance, after a long stretch of declines. The market appears to be in a transitional phase as established transportation underwriters attempt to hold the line on rates for key business.

Maritime employers have an insurance problem. It is sometimes difficult to distinguish liability exposure under the Jones Act and general maritime law from workers' compensation exposure under the Longshore and Harbor Workers' Compensation Act.

The shared risk that makes insurance such a viable industry can become financially devastating when thousands of claims pour in following an event like a hurricane, flood, or earthquake.