Drilling Deep: Where the crisis in truck insurance rates came from

· Thursday, March 19, 2020

It’s shut down businesses and thrown planning into turmoil.

No, it’s not COVID-19. It’s the rising insurance rates that trucking companies have been facing over the last few years. The problem seems to have gotten particularly acute in the last year or two and insurance rates have been cited by several trucking companies as a key reason why they’ve shut their doors.

On this week’s Drilling Deep podcast, host John Kingston sits down with Craig Dancer, the National Transportation Industry Practice Leader at Marsh, a global insurance broker. Craig shares his view on where the surge in insurance rates came from and where it might be headed.

To kick off the show, John will share his views on the complex situation surrounding plunging diesel prices. We expand on the discussion from last week where we ask the question whether this is a net positive or net negative for the industry.

John Kingston

John has an almost 50-year career as a journalist, most of them covering commodities and markets. The largest part of his career was spent at Platts, now part of S&P Global Energy. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment. He was awarded the 2020 Abdullah Bin Hamad Al-Attiyah International Energy Award for Lifetime Achievement for the Advancement of International Energy Journalism.