This AM Best webinar sponsored by Munich Re Specialty – North America features panelists Matthew Gauthier Senior E&S Casualty Underwriter, Munich Re Specialty – North America and Matthew Domitrovich, Executive Vice President, Broker, Amwins Group. They examined critical challenges and evolving trends in the for-hire trucking insurance sector. The discussion revealed an industry grappling with unprecedented legal pressures, as lawsuit abuse reform reached its highest concern level in two decades and nuclear verdicts drive up insurance costs. This legal environment has prompted significant market changes, exemplified by New Jersey’s landmark decision to double minimum insurance requirements to $1.5m. 

The webinar highlighted how insurers are responding through technology-based risk assessment, new coverage structures, and risk-sharing approaches. This adaptation reflects an industry actively evolving to address multiple challenges across legal, technological, regulatory, and workforce domains.