We're facing what some have called a crisis with insurance costs right now. Premiums continue to escalate in lock step claims costs, from medical expenses to vehicle repair costs. The so-called nuclear verdicts are a factor too. Many insurance companies have exited the market, so those that remain can be very selective about the risk they take on. For a better understanding of the state of the insurance market today, we speak with Reliance Partners' founder and CEO, Andrew Ladebauche and the company's director of safety, Brian Runnels. The pair explain how we got here and offer advice on how fleets can lessen the impact of rising insurance premiums.
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