Commercial Auto Insurance is vital for safeguarding an organization’s drivers and vehicles. Over the past decade, the insurance segment has faced challenges with ongoing rate increases, limited capacity, and tough market conditions.
Stay up-to-date on six of the latest trends affecting Commercial Auto Insurance:
- Increased vehicle repair costs
- Rising vehicle replacement expenses
- Surging nuclear verdicts
- Continued driver shortages
- Distracted driving concerns
- Elevated medical cost
Photograph by Ulrick Trappschuh on Pexels
Authored by Jennifer Maruca Risk Associate at Rue Insurance. Jennifer joined us in 2023 as a graduate from Rowan University.
