Reported 3 days ago
Insurance ratings play a crucial role in the trucking industry, influencing operational stability and financial health amid rising insurance costs. With the market underserved, experts from Transportation Insurance Experts (TIE) and Demotech stress the need for broader acceptance of diverse insurance ratings to enhance competition and provide more coverage options for carriers. Understanding these ratings is essential for shippers and brokers to ensure claims are adequately paid and to avoid limiting partnerships with substandard insurance products.
Source: YAHOO