It’s shut down businesses and thrown planning into turmoil.
No, it’s not COVID-19. It’s the rising insurance rates that trucking companies have been facing over the last few years. The problem seems to have gotten particularly acute in the last year or two and insurance rates have been cited by several trucking companies as a key reason why they’ve shut their doors.
On this week’s Drilling Deep podcast, host John Kingston sits down with Craig Dancer, the National Transportation Industry Practice Leader at Marsh, a global insurance broker. Craig shares his view on where the surge in insurance rates came from and where it might be headed.
To kick off the show, John will share his views on the complex situation surrounding plunging diesel prices. We expand on the discussion from last week where we ask the question whether this is a net positive or net negative for the industry.