The Effects of the Driver Shortage on the Transportation Industry

The Effects of the Driver Shortage on the Transportation Industry

The world’s economy depends on the timely and safe delivery of goods from manufacturers to consumers. Trucking is the cornerstone of industry; without trucks and drivers, companies are limited in sales, and consumers may have difficulties in obtaining the products they demand. Looking at America’s highways and byways, one may be surprised to learn that the transportation industry is facing an unprecedented driver shortage. U.S. Risk Underwriters, a leading provider of specialty insurance solutions for the transportation industry, knows that companies are scrambling to understand the reasons behind the driver shortage. In this guide, we will take a deeper look at the U.S. driver shortage and ways that the transportation industry is addressing this challenge.

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How the Rise of Autonomous Vehicles May Affect Transportation and Insurance

How the Rise of Autonomous Vehicles May Affect Transportation and Insurance

Long a part of science-fiction novels describing a technologically-advanced future, self-driving cars have become reality. Numerous companies have developed the autonomous vehicle technologies needed to safely navigate America’s highways and byways. With the rise of these self-driving vehicles, new considerations of risk and of insurance have become apparent. These vehicles have the potential to change the insurance landscape dramatically, leading to questions about liability and the solutions insurance companies like U.S. Risk Underwriters will need to implement to protect drivers, their vehicles, and the companies manufacturing and selling autonomous trucks and cars.

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The Challenges of Insuring the Transportation Market

The Challenges of Insuring the Transportation Market

The transportation industry experiences numerous unique risks. Transporting goods over long distances exposes vehicles, personnel, and cargo to significant risk; an alarming rise in trucking-related fatalities has only added complication to the transportation market. Insuring the industry presents significant challenges as well. Special risks insurance brokers must have a keen understanding of the market, its risks, and the dynamic nature of the industry in order to deliver comprehensive insurance solutions. In this article, we’ll illustrate some of the insurance coverage challenges brokers face when developing insurance programs and services for the transportation industry.

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