A tight market is driving demand for bulk capacity
The launch comes against a challenging backdrop for commercial transport insurance. According to RPS’s 2025 Transportation Market Outlook, the cost of insuring physical damage increased 18% in 2025 compared to 2024, while umbrella liability increased 12%, auto liability increased between 7.5% and 20% due to a decline in settlements and rising litigation costs. New York, California, Texas and Illinois are seeing limited active market participants, while the casualty market in New Jersey is said to be essentially non-existent due to high-frequency claims and increased minimum limit requirements.