Transportation insurers face downward pressure from rising costs, increased capacity
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Transportation insurers face downward pressure from rising costs, increased capacity

Hal Stucker
October 13, 2023
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A new report from Risk Placement Services (RPS) says transportation insurers are facing downward pricing pressure due to increased competition and near-record capacity, coupled with a post-Covid drop in demand for transport services.

RPS said that downward pricing pressure is greater this year than at any time since the beginning of the pandemic.

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News Commercial lines Commercial auto Commercial E&S
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Hal Stucker
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