top of page

2021 U.S. Transportation Market Outlook

Throughout the pandemic, the Transportation industry served as the lifeblood of the U.S. economy, delivering a steady stream of essential goods to meet the demands of consumers sequestered in their homes.

And now, a little more than a year after the pandemic triggered one of the steepest economic declines in history, the speed of the rebound has been so startlingly swift that many companies in the Transportation industry are struggling to keep up.

The increasing demand for transportation services during the recovery is certain to fuel future claims, while developing losses associated with nuclear verdicts, social unrest, natural catastrophes and business interruption will continue to erode insurer profitability.

Increased business volume is further forcing up freight costs that had been steadily climbing pre-pandemic in response to higher fuel and maintenance costs, increased use of telematics and the larger salaries needed to attract drivers.

What can agents and brokers do to navigate the Transportation market for their clients?

The 2021 U.S. Transportation Market Outlook will help you put your transportation clients in a better position, with key information and insights:

  • View of overall market conditions, including post-COVID renewal cycle

  • Deep dive into the trucking, intermodal container, public auto and business auto segments

  • Insights into emerging issues, including driver shortage, cyber risks, autonomous vehicles, cargo theft, last mile delivery and the effect of raising minimum liability limits

5 views0 comments

Recent Posts

See All

Help Protect Your Dealership with the Correct Coverage

Is it time for auto dealerships to re-evaluate their inventory value? As auto values continue to increase and weather-related events occur more frequently and severe, now may be a good time for auto d

Critical Coverage for Adult Family Homes

Operating an adult family home comes with a range of risks, including the potential for abuse or molestation allegations. These types of claims can be devastating for both the facility and its residen


bottom of page