TIA to offer "insurance solutions" for tire industry businesses
"In the coming year, the Tire Industry Association (TIA) will offer extensive information on risk management and insurance cost controls for member tire businesses," says TIA President Steve Disney. "If feasible, TIA may also offer a variety of insurance products for member protection."
TIA is contacting insurance commissioners in all states to ensure that insurance companies are issuing fair quotes to tire industry businesses.
"The current trends in the property and casualty insurance market are creating potentially unsolvable problems for many businesses in the tire industry," TIA Executive Vice President Ross Kogel wrote in a letter to state insurance commissioners yesterday.
"Our members are finding that there are fewer insurance products available in the markets and premiums are escalating."