Autonomy Insights: Why Trucking Insurance Costs Are Skyrocketing:

Autonomy Insights: Why Trucking Insurance Costs Are Skyrocketing: The Impact of Nuclear Verdicts

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The skyrocketing costs of commercial vehicle insurance in the trucking industry is a pressing issue that is causing economic harm. Commercial insurance premiums rose a staggering 9.8% in Q1 2024, driven by three main factors: the proliferation of nuclear verdicts over $10 million, a shortage of experienced drivers, and inflated vehicle repair costs. Lee White, Founder & President of LM White Consulting joined The Road to Autonomy Founder Grayson Brulte discuss the impact insurance rates and nuclear verdicts are having on the trucking industry and why autonomous trucking could be the solution.

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