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New Solutions for Trucking Insurance Challenges

New Solutions for Trucking Insurance Challenges

Trucking companies face complex risks, from predatory towing and theft to rigorous regulations. These risks have created challenges in providing trucking companies and drivers with adequate insurance protection. However, innovative new products can help retail agents better serve their trucking clients’ needs.

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Rapid Growth of TPLF Impacts Insurance Affordability

Rapid Growth of TPLF Impacts Insurance Affordability

TPLF has evolved into a $18 billion industry worldwide, and 52% of that money is being spent in the U.S., making TPLF a key contributor to the social inflation hiking up jury awards and settlements. As insurance companies pay for outsized awards, they balance the loss by narrowing coverage terms, expanding deductibles, and raising premiums, costs ultimately born by consumers and insureds.

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Product Recall + Contamination Insurance: What Your Clients Need to Know

Product Recall + Contamination Insurance: What Your Clients Need to Know

Insurance professionals help clients grasp the risks and impacts of events like recalls or contamination, highlighting the importance of recall and contamination insurance for covering costs and providing crisis management support. CRC Group offers specialized expertise and extensive market access to help retail agents secure optimal coverage and manage complex risks effectively.

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Food Product Recalls Create Costly Ripple Effects

Food Product Recalls Create Costly Ripple Effects

A recall can be costly for a food manufacturer. But what if the contaminated food is shipped to other manufacturers and used in other products? What if those products hit retail shelves? The potential cost of a recall can quickly become catastrophic if it extends to customers, distributors, and retailers.

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Trucking Industry Getting Squeezed by Claims

Trucking Industry Getting Squeezed by Claims

More trucks on the road can increase the frequency of accidents, including fatalities. Controlling losses continues to be a challenge for the trucking industry as the sector struggles to hire qualified drivers and balance rising operational costs. Read more about what’s happening in the trucking industry and the unique risks facing insureds.

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Rapid Growth of TPLF Impacts Insurance Affordability
Rapid Growth of TPLF Impacts Insurance Affordability
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