Podcast #38: Skyrocketing Trucking Insurance Rates and How to Deal with Cost Increases
Prepass
February 24, 2020
Guest: Rich Bren, vice president of insurance, PFA Transportation Insurance and Surety Services
Both owner-operator truckers and trucking fleets of all sizes are contending with ever escalating insurance rates. This cuts into profits and even forces some carriers to shut down. Listen to this episode of the “Eyes on the Road” podcast, presented by PrePass, as host Evan Lockridge finds out what’s behind this trend.
In Evan’s talk with Rich Bren with PFA Transportation Insurance, they discuss the impact of so-called “nuclear verdicts” on insurance rates and how truckers can influence their rates. A member of the Motor Carrier Insurance Industry Foundation, Bren also talks about how FMCSA safety scores can be used against trucking fleets, resulting in higher insurance rates and less coverage, and how truckers can reverse this with better safety practices.
“Eyes on the Road” is the official podcast from PrePass, the most expansive weigh station bypass and toll management platform available. Other services include INFORM™ software and the MOTION™ app.
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