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Insurance premiums continue to rise across the ground transportation industry—but the reasons go far beyond individual accidents or safety scores.

In this episode, James speaks with insurance specialist Michael Gaddis about the systemic forces driving higher rates, including claims behavior, litigation trends, nuclear verdicts, and the growing influence of reinsurance markets. Together, they explain why many operators are being impacted regardless of their loss history—and where responsibility truly lies.

This conversation explores:

• How claims evolve from incidents into long-term financial liabilities
• Why courtrooms, not collisions, are increasingly setting insurance costs
• The disconnect between operator performance and premium pricing
• Practical insights into reporting, documentation, and risk awareness

A must-listen for operators who want to better understand the insurance landscape they’re operating in—and make smarter decisions in a market that’s becoming more complex every year.

Connect with Michael: https://www.linkedin.com/in/michael-gaddis-074371188/
Learn More About Cable Insurance: https://cableinsurance.com/

At Driving Transactions, Ken Lucci and his team offer financial analysis, KPI reviews, for specific purposes like improving profitability, enhancing the value of the enterprise business planning and buying and selling companies. So if you have any of those needs, please give us a call or check us out at www.drivingtransactions.com.

Pax Training is your  all in one solution designed to elevate your team's skills, boost passenger satisfaction, and keep your business ahead of the curve. Learn more at www.paxtraining.com/gtp