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Truck insurance brokers face tipping point amid market volatility

Truck insurance brokers face tipping point amid market volatility


According to Kenny Planeta (pictured), a transportation broker at Heffernan Insurance Brokers, the old playbook is no longer working. “The rate squeeze is dramatic,” Planeta said. “Insurance rates have skyrocketed while driver pay, equipment costs, and fuel costs have all increased. Freight rates, on the other hand, haven’t moved much.”  



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