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Episode 202 | Autonomy Insights: Why Trucking Insurance Costs Are Skyrocketing: The Impact of Nuclear Verdicts

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Innhold levert av The Road to Autonomy and Grayson Brulte. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Road to Autonomy and Grayson Brulte eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

The skyrocketing costs of commercial vehicle insurance in the trucking industry is a pressing issue that is causing economic harm. Commercial insurance premiums rose a staggering 9.8% in Q1 2024, driven by three main factors: the proliferation of nuclear verdicts over $10 million, a shortage of experienced drivers, and inflated vehicle repair costs.

Nuclear verdicts, with an average of $33.8 million, have made insurance unaffordable for many smaller fleets, forcing them into bankruptcy. The current macroeconomic environment, with high inflation, rising insurance premiums, and increasing regulatory costs, is creating a “perfect storm” that could accelerate the adoption of autonomous trucks.

Lee White, Founder & President of LM White Consulting joined The Road to Autonomy Founder Grayson Brulte discuss the impact insurance rates and nuclear verdicts are having on the trucking industry and why autonomous trucking could be the solution.

Recorded on Friday, May 17 2024

Episode Chapters

0:00 Skyrocketing Commercial Insurance Costs

3:31 Nuclear Verdicts

8:54 High Insurance are Helping to Usher in Autonomous Trucking

12:23 Future of The Trucking Industry

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About The Road to Autonomy

The Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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230 episoder

Artwork
iconDel
 
Manage episode 420576667 series 2982710
Innhold levert av The Road to Autonomy and Grayson Brulte. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Road to Autonomy and Grayson Brulte eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

The skyrocketing costs of commercial vehicle insurance in the trucking industry is a pressing issue that is causing economic harm. Commercial insurance premiums rose a staggering 9.8% in Q1 2024, driven by three main factors: the proliferation of nuclear verdicts over $10 million, a shortage of experienced drivers, and inflated vehicle repair costs.

Nuclear verdicts, with an average of $33.8 million, have made insurance unaffordable for many smaller fleets, forcing them into bankruptcy. The current macroeconomic environment, with high inflation, rising insurance premiums, and increasing regulatory costs, is creating a “perfect storm” that could accelerate the adoption of autonomous trucks.

Lee White, Founder & President of LM White Consulting joined The Road to Autonomy Founder Grayson Brulte discuss the impact insurance rates and nuclear verdicts are having on the trucking industry and why autonomous trucking could be the solution.

Recorded on Friday, May 17 2024

Episode Chapters

0:00 Skyrocketing Commercial Insurance Costs

3:31 Nuclear Verdicts

8:54 High Insurance are Helping to Usher in Autonomous Trucking

12:23 Future of The Trucking Industry

--------

About The Road to Autonomy

The Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

230 episoder

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