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Insurance remains one of the most challenging and frustrating realities facing ground transportation operators today. Even companies with strong safety records are seeing double-digit premium increases, shrinking carrier options, and fewer levers to pull at renewal time.
In this episode of the Ground Transportation Podcast, James Blain is joined by Joseph Madiedo, a second-generation transportation insurance specialist from The Professional Insurance Center, to unpack what’s really happening behind the scenes of the insurance market.
Joseph explains why insurance rates continue to rise, how reinsurance and litigation costs affect operators nationwide, and what insurance carriers actually look for when underwriting transportation risk. Drawing from deep experience across limo, charter bus, motorcoach, taxi, and NEMT operations, he offers practical insight into how proactive operators can better position themselves — even in a difficult market.
In this episode, you’ll learn:
- Why clean operators still face insurance increases
- How insurance carriers evaluate risk in ground transportation
- What safety programs, driver training, and camera systems actually influence
- Why working with a transportation insurance specialist matters
- What operators should realistically expect in the next several years
Whether you’re preparing for an upcoming renewal or trying to understand the long-term outlook for insurance in ground transportation, this episode provides clear, grounded perspective from someone who lives in this space every day.
Connect with Joseph: https://www.linkedin.com/in/joseph-madiedo-812714157/
Learn more about PIC: https://piconline.com/
At Driving Transactions, Ken Lucci and his team offer financial analysis, KPI reviews, for specific purposes like improving profitability, enhancing the value of the enterprise business planning and buying and selling companies. So if you have any of those needs, please give us a call or check us out at www.drivingtransactions.com.
Pax Training is your all in one solution designed to elevate your team's skills, boost passenger satisfaction, and keep your business ahead of the curve. Learn more at www.paxtraining.com/gtp
Connect with Kenneth Lucci, Principle Analyst at Driving Transactions:
https://www.drivingtransactions.com/
Connect with James Blain, President at PAX Training:
https://paxtraining.com/