Primary Trucking State of the Market

Placing You First Insurance Podcast by CRC Group

The trucking industry faced several challenges in 2022, but rate growth for primary auto insurance flattened for the first time in years. Today, Amanda and Scott are joined by Chris Slezak, Director of CRC Group’s Central Transportation Region, Julie Sirois, Director of CRC Group’s Northeast Transportation Region, and Alek Turko, Managing Underwriter and Office President with 5Star Specialty Programs. They’re going to fill us in on the state of the market for primary trucking insurance.
Featuring:
Chris Slezak - Director of CRC Group’s Central Transportation Region
Julie Sirois - Director of CRC Group’s Northeast Transportation Region
Alek Turko - Managing Underwriter and Office President with 5Star Specialty Programs

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1. Primary Trucking State of the Market (00:00:00)

2. What are some of the improvements we're seeing in the marketplace right now as compared to years past? (00:01:09)

3. We’re hearing about telematics in relationship to trucking. How do they help, and where do they start when it comes to implementing them? (00:04:09)

4. Knowing how big a role telematics data can play for underwriting – is this something you foresee insurers requiring of trucking companies to obtain coverage in the future? (00:07:04)

5. In addition to telematics, are we seeing any other trends (for better or worse!) in trucking? And if so, how is the industry being impacted? (00:08:24)

6. The industry is still facing a projected shortage of 160,000 drivers by 2028. That's a lot of drivers! (00:09:20)

7. As we wrap it up today, are there any words of advice or tips you’d like to share with retail agents handling trucking business in 2023? (00:11:01)