Insurance companies are increasing the premiums on some trucking companies by almost 200% from previous years
A lot of the companies are being non-renewed and are ending up in the facility market
The trucking companies that are not being non-renewed are still preferring to go into the facility market due to their looser driver hiring practices. All the regular insurance companies require 3 years of experience (proven with letters from insurance company as well). With a shortage of experienced drivers, only new ones are being hired without significant experience.
We are lobbying elected officials to provide solutions in lowering the insurance cost
Trucking companies are ready to implement new technology and safety measures, but insurance companies are still giving them a hard time.
