Article by Hal Kresser, Principal at Hal Kresser Agency

“Tow Truck Market Gets Hit Hard as Carriers Exit Market.” This article appeared in The Insurance News Journal on February 6, 2017 and featured on the front cover.  Simultaneously, it was posted in the Forums section of Tow 411, so it was written before February 6, 2017.  Naturally, a front page article will get the attention and it did!  That magazine is distributed to every insurance company in the country and most agencies. Within just a few weeks I heard from underwriters that they will have to tighten up their requirements and continue to raise rates due to claims. They were also apprehensive because many of their competitors were exiting the market. In their minds the only reason a competitor would exit the market is if they [...]