
Knight-Swift's Iron Insurance Lost $130M Before Regulators Noticed
Telematics-for-coverage program wrote policies on thousands of new entrants during 2021-2022 freight boom. Premium collection collapsed when rates turned.…
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Telematics-for-coverage program wrote policies on thousands of new entrants during 2021-2022 freight boom. Premium collection collapsed when rates turned.…

Insurers lost $4.9 billion on commercial auto in 2024, the 14th straight year of losses. Premiums climbed 38% since 2015 even as crash rates fell 2.6%.
Nuclear verdicts jumped 52% in 2024 while federal minimum coverage hasn't budged since 1985, leaving carriers exposed and insurers with pricing leverage.