Fewer carriers, poor underwriting, new laws, and technology make insuring carriers in the transportation industry very interesting. In a recent interview with Insurance Business America, Kenny Planeta from Heffernan Insurance Brokers explains that the biggest issue is "huge lawsuits with even bigger verdicts" and that "The insurance carriers are forced to keep the cases out of court and push for settlements even in cases where the truck is not at fault. This has caused poor underwriting results, which are driving increases in premiums."
Not only do attorneys attempt to take advantage of the large liability insurance coverage but tow companies will sometimes charge over-inflated tow bills hoping that insurance carriers will simply pay out.
MCB has worked with many different insurance carriers and is the industry leader in decreasing excessive tow bills. If you feel your tow bill is unjustly charged, please contact our office at (520)442-1303.
Not only do attorneys attempt to take advantage of the large liability insurance coverage but tow companies will sometimes charge over-inflated tow bills hoping that insurance carriers will simply pay out.
MCB has worked with many different insurance carriers and is the industry leader in decreasing excessive tow bills. If you feel your tow bill is unjustly charged, please contact our office at (520)442-1303.
