Us, Oct. 21 -- The National Limousine Association (NLA) is raising urgent concerns over a deepening insurance crisis that could endanger thousands of small and mid-sized chauffeured transportation companies across the United States.
A new study by the University Transportation Research Center (UTRC), titled "Curbing the Limousine Insurance Crisis," exposes unsustainable increases in insurance premiums - even for operators with spotless safety records.
According to the report:
87% of limousine operators have faced premium hikes over the past three years.
25% saw increases above 25%, despite nearly half reporting no claims.
79% have formal safety programs, but these are often ignored by insurers.
"This report confirms what our members ha...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.