Zurich report highlights the growing risk of intense parking garage fires due to the increasing use of plastics and lithium-ion batteries in modern vehicles.
“We’ve seen a growing openness to the possibility of shipping via rail, moving away from the traditional focus on trucking. This shift can be attributed to several factors, including the rail industry’s environmental friendliness and its potential for cost savings.”
“The insurance industry has become black and white, which distances it from the reality that consumers face. Algorithms control premiums and appetites have become too hardened.”
The Suez Canal incident is having a significant inflationary impact, particularly in East Asia. Some estimates suggest that the blockage is decreasing East Asian GDPs by 3 to 5% due to disruptions in the movement of goods.
A new report from International Suppliers Networld unveils alarming trends in serious injuries and fatalities across key industries, highlighting the urgent need for enhanced safety measures.
Brokering in trucking takes real “salt of the earth” people to understand the complexities and the challenges this industry faces. HUB International’s Dain Dockter strives to be just that.
Arranging coverage for companies that transport students has become increasingly difficult due to nuclear verdicts that are inhibiting reinsurance appetite.
For cargo transportation companies transitioning their fleets to clean energy sources, there are benefits in publicizing a formal ESG platform — but also risks. Fortunately, insurers are there to help them navigate the way.
When confronting the loss of cargo during shipping, insureds face challenges on multiple fronts. But experts are optimistic that more data will help bring clarity to risk aggregation in the field — and to pricing in the back office.
This year, 6 brokers from across the brokerage field were named as the 2023 Transportation Power Broker winners. One additional broker was named a finalist.
Electronic logging devices for trucks are designed to improve safety, but what happens when plaintiffs’ attorneys use ELD logbook data against trucking companies?