Authors: Chris Demetroulis Christina Reiz
Auto Liability insurance costs have consistently risen, with only a brief pause during the COVID-19 pandemic, continuing a trend since 2013, according to a National Association of Insurance Commissioners report cited by the Insurance Information Institute.1
This trend poses challenges for commercial carriers, as truck operating costs have increased, driven by rising expenses in truck payments, driver wages and maintenance, as noted by the American Transportation Research Institute.2
Amidst escalating operational costs and heightened litigation, companies with substantial fleet policies are reassessing their coverage needs, further strained by the surge in nuclear verdicts.
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