TIPS™Results for Q1 2013 Released…

NIP Group, Inc. released the results of the Transportation Insurance Pricing Survey (TIPS™) for the first quarter of 2013. The survey was issued to leading transportation insurance brokers, wholesalers and underwriters representing thousands of account placements and is used to benchmark changes in the availability and rates in the transportation insurance market.

Survey results demonstrate that the majority of respondents believe that the Transportation market remains consistent to last quarter, indicating we are in a hard market. Participants believe that as a result of significant rate increases in auto liability rates more generalists are re-entering the space compared to last quarter. Over recent quarters we have seen rate increases intensifying: however they may be consolidating at higher levels according to some respondents in this latest report.

The survey also measures premium changes across ten different transportation segments including:

■ Trucking Operations ■ Intermodal Carriers
■ Messenger/Courier Services ■ Ambulance/Paratransit
■ School Bus Contractors ■ Bulk Transportation
■ Airport Ground Transportation ■ Charter/Tour Bus Operators
■ Specialized Carriers & Riggers ■ Limousine Services


Detailed results can be downloaded here

About NIP Group, Inc.
NIP Group, Inc. is a specialized business insurance and risk management intermediary, ranked among the largest 100 in the United States and providing a wide range of brokerage, underwriting and risk management services to select market segments.

Deb Mirabella
PHONE: 1-800-446-7647

NIP Group, Inc. 900 Route 9 North | Suite 503 | Woodbridge, NJ 07095-1003 | 800.446.7647