Stay informed on emerging issues and trends in the insurance industry.
The state of the 2024 transportation insurance industry is marked by a blend of competitive pressures, regional capacity constraints and innovative technological advancements. Trucking insurance remains a battleground for new business, while commercial auto markets grapple with firm pricing and notable market exits.
Tough conditions in the marketplace are expected to improve long term, but competition remains fierce with significant pricing pressure and standard carriers working hard to fight for and win business. There are opportunities, particularly in markets such as California, where Admitted Carriers are pulling back or leaving altogether.
