The rising cost of insurance has changed the landscape for carriers across the nation. The cost of insurance and nuclear settlements has been one of the main reasons many carriers have closed their doors for the last couple of years. In this episode, Richard DeBoer, Carter’s VP of Sales & Marketing sat down with Carter’s Director of Risk Management, Doug Warnke, and discussed the state of insurance in the freight industry. During this podcast, Doug will explain in great detail:
Nuclear verdicts (multi-million dollar payouts)Technology to help combat nuclear verdictsCoronavirus effect on insurance rates for carriersShippers liabilityMexico cargo insuranceUpdate on autonomous vehicles