The Car and Truck Fleet and Leasing Management Magazine

Trucking Companies to Pay More for Insurance in January 2001

October 30, 2001

Insurance professionals warned trucking companies that insurance rates will increase after Jan. 1, 2002, when reinsurance companies will have their first chance since the Sept. 11 attacks to increase premium rates charged to primary insurance partners.Reinsurance companies provide insurance coverage to spread out risk among primary insurers, and will shoulder most of the costs of the terrorist attacks.Most of the reinsurance contracts at the top level of the insurance industry expire every six months on Jan. 1 and July 1, according to Gregory Feary, an Indianapolis attorney who ran the meeting of an American Trucking Associations subcommittee dealing with insurance issues and trucking.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Natural gas in liquid form.

Read more

Up Next

More From The World's Largest Fleet Publisher