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  • Trucking Insurance
    • Trucking Insurance
    • Automobile Liability
    • Motor Truck Cargo Liability​ (Cargo Insurance)
    • Physical Damage Coverage
    • General Liability Coverage
    • Bobtail Insurance
    • Non-Truck Liability
  • Commercial Insurance
    • General Liability
    • Commercial Insurance
    • Business Owners Package (BOP) Insurance
    • Real Estate
    • Workers Compensation
  • Personal Lines
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Life Insurance
      • Boat Insurance
      • Umbrella Insurance
  • About
    • Refer a Friend
    • Insurance Carriers
    • Privacy Policy
    • Blog
    • Accessibility Statement
  • Service
    • Report a Claim
    • Policy Review
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Free Consultation

Publix Insurance Agency Blog

Cargo Insurance Changes for the Trucking Industry

9/30/2020

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The past year has been difficult for cargo insurance companies. Three claims in particular had an adverse impact on the cargo insurance industry. A big loss at a distribution facility following tornados in Nashville, a loss in the Port of Beirut and a loss aboard the Golden Ray vessel, which lost 4,200 vehicles on board. All cargo insurance carriers share the same reinsurance markets, so ocean cargo and international losses influence the domestic truck cargo insurance market as well. These large losses lead to increased premiums and coverage changes for all cargo insurance policies.

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