Nuclear Verdicts Are Fueling Rapid Trucking Insurance Hikes
Beskrivelse:
A single jury award can now wipe out decades of safe driving history in one afternoon.
Here is what nuclear verdicts are doing to your rates:
Median nuclear verdict jumped from $21M in 2020 to $51M in 2024
Verdicts over $10M rose 235% between 2011 and 2019
Brokers now often require $5M+ in excess liability just to load you
A $1M policy is increasingly treated as a floor, not a ceiling
Insurers price your policy against this bigger risk pool, not your own record.
Alvix Insurance Group structures coverage that actually holds up against today's verdict sizes.
Get your coverage sized correctly.
Call (305) 909-6444 or email info@alvixinsurance.com. Website: www.alvixinsurance.com