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Navigating the Turbulent Waters of Trucking Insurance: Trends and Challenges The transportation market is encountering a seismic shift marked by lower freight rates and excess capacity, especially within the trucking sector. Amid ongoing challenges like driver shortages and rising operational costs, trucking firms are on the lookout for lower insurance premiums to cushion their profit margins. Deals can indeed be found, but the consensus among insurers is that more rate increases are necessary to align with the costs of economic and social inflation. Embracing technology emerges as a critical strategy for insurance companies specializing in commercial trucking. Telematics, artificial intelligence, and advanced safety equipment are being leveraged to refine risk assessment, pricing models, and enhance driver safety. https://lnkd.in/euBHpqEM