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Industry Panelists Look to Government for Help With Insurance
Insurance has replaced fuel as a primary cost concern for motor carriers, and several participants in the Transport Topics Management Outlook Forum are looking to Congress to act to head off a crisis.Michael E. Baroody, executive vice president of the National Association of Manufacturers, said many companies face extraordinary increases in insurance premiums in January because of uncertainty created by the Sept. 11 terrorist attacks.A warehouse operator who paid $35,000 for insurance this year, for example, will be forced to pay $140,000 next year, Baroody said.For the full story, see the Dec. 17 print edition of Transport Topics. Subscribe today.
