St. Paul Hikes Deductibles, But Will Stay in Trucking

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img src="/sites/default/files/images/articles/printeditiontag_new.gif" width=120 align=right>St. Paul Cos., a leading provider of commercial property and liability insurance to the trucking industry, has shifted the focus of its business to emphasize higher deductible policies for large trucking companies, according to several insurance industry sources.

The change means some policyholders unable or unwilling to accept a greater share of the risk of claims could be forced to seek alternative coverage, sources close to the company indicated.

A spokeswoman for St. Paul declined to provide details about the company’s shift in strategy, but denied industry rumors that the company had abandoned the truck insurance market.

For the full story, see the Feb. 24 edition of Transport Topics. Subscribe today.