2023 Commercial Auto Insurance Market Outlook

The commercial auto insurance market has faced substantial underwriting losses and diminished profitability for more than a decade. While the segment continues to face difficult market conditions, rate increases largely remained in the single digits in 2022, demonstrating signs of stagnation compared to double-digital rate jumps that took place in prior years. Nevertheless, several cost-driving…

How will Trucking Fare in 2023’s Economy? 

Although there is still a great degree of uncertainty about what 2023 will bring in trucking business conditions, analysts at FTR believe a major recession is unlikely. FTR’s “State of Freight” webinar on Jan. 12 explored the economic indicators that most affect the freight market as well as trucking-specific numbers and offered FTR’s outlook for the year.…

Let’s Get Personal – How Has Your Life Changed?

The family has a new driver behind the wheel. You decide to rent out your coastal home as an Airbnb. You completed a few renovation projects, including a home office and gym. You were invited to volunteer on the homeowners’ association board and are eager to give back. You traded Corporate America for an at-home…

Auto Insurance – Giving Back

Relief On The Way While many of you continue to work from and spend more time at home, your cars have been catching a break from the daily commute. Fewer drivers on the road means fewer accidents. In response, many of our carrier partners will soon begin issuing premium refunds. The refund calculation will vary…

Teen Distracted Driving

For most adults, driving is second nature. Like breathing, we don’t really think about it. But to teens, the whole driving experience is new. This makes them more prone to distracted driving. Having the right coverage is important for helping protect against the unexpected – but Nationwide reminds us that paying attention on the road…