
How Product, Labor and Legal Trends Are Driving Increased Vehicle Insurance Rates
The fatigue that businesses are feeling, after multiple years of rising commercial auto insurance rates, is real. Factors ranging from the rise in attorney representation in bodily injury claims to the higher costs of replacement parts for technically complex cars and trucks continue to drive up claim costs for insurance carriers. Distracted driving, heavily impacted by mobile phone usage, continues to pose serious risks to all drivers. Further compounding the issue, the COVI