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.…
#Trucking Insurance
3 posts tagged with this topic.
Why Your Trucking Insurance Went Up While Crashes Went Down
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%.
Why Trucking Insurance Costs Keep Rising Despite Static Coverage Rules
Nuclear verdicts jumped 52% in 2024 while federal minimum coverage hasn't budged since 1985, leaving carriers exposed and insurers with pricing leverage.