Marsh executive warns excess insurers may pull back on brokerage risk
Truck News reports a Marsh executive said excess liability insurers could raise prices, cut capacity or decline brokerage-related risks after the Montgomery ruling and recent large verdicts.
What happened
Shaun Carr, senior vice president of transportation and logistics at Marsh, said the Supreme Court's Montgomery v. Caribe Transport II ruling and recent large liability verdicts could lead excess liability insurers to raise prices, reduce capacity or decline some brokerage-related risks, according to Truck News. Panelists on the Oct. 27 Lytx webinar also said some brokers have wiped their carrier lists and are vetting carriers again from scratch.
Why it matters
Truck News reports brokers are moving to continuous monitoring of carrier authority, insurance and safety records instead of a single check at onboarding. Carr said in-cab cameras are increasingly expected by insurers, and underwriters want to see how fleets use video and safety data to coach drivers. A Baker Donelson lawyer on the panel said brokers may also seek stronger indemnification terms that shift financial responsibility to carriers.
What to consider
Check what brokers can see about your fleet on the FMCSA Company Snapshot, read the indemnification clause in every broker contract before you sign, and keep a written record of how your safety program is applied. Excess vs. umbrella for trucking · FMCSA Company Snapshot
Sources
Reporting and records credited to the sources above, Oct. 30, 2026. We link to the original and add what it means for carriers.
This item is general information, not legal advice. Rules and programs change, so check the sources above. How we pick, source and correct Wire items · More from The Wire