Goods-in-transit insurance could become more difficult, more restrictive and more expensive for cross-Channel operators in light of the increasing problem of loads being spoiled by stowaways, a loss adjuster has warned. Rod Davis, senior partner at Clark Woodward Hungate, which specialises in surveys and investigations for insurers underwriting transit liability, told MT that operators travelling through hotspots where migrants are known to congregate will probably be liable for any damage to loads where vehicles are infiltrated, leaving their goods-in-transit insurers […]
The 3.5% hike in insurance premium tax (IPT) that came into effect at the beginning of November could be just “the tip of the iceberg” in terms of increasing insurance costs for truck operators, a leading commercial vehicle insurer has warned.
Pre-tax profit at Brian Yeardley fell by nearly 50% in 2016, hit by a combination of migrant problems in Calais, unstable currency exchange rates and fleet investment.
The FTA has reiterated previous calls for action over migrant build-ups in northern France after a new rail freight service to the port of Calais was postponed due to safety concerns.