Trucking companies eye group captives as rates rise 

• Nuclear verdicts for commercial auto causing more firms to explore captives 
• Group captives typically reserved for those “best in class” companies 
• Fronting appetite limited for trucking captives, but available under right conditions 

Trucking companies across the United States are increasingly turning to group captives to regain control over their insurance costs, as commercial auto liability rates in particular continue to rise amid nuclear verdicts, resulting in reduced capacity and tightening underwriting conditions. 

Nuclear verdicts, generally considered those costing more than $10m in damages, are common in trucking accident cases, with the number of events costing $1m+ rising steeply.