Insurance #insurance#brokers
TD Cowen Turns Negative on Freight Brokers Amid Mounting Insurance Premium Inflation
TD Cowen's transportation team, led by Jason Seidl, issued a negative outlook on freight brokers after an insurance executive described 'sizeable inflation' in premiums following the Montgomery decision. The report cites a top 10 broker's liability insurance tripling, premium cost increases from $3 million to $10 million, and a shrinking field of underwriters. TD Cowen named RXO, C.H. Robinson and Landstar as companies under negative coverage.
Aug 26, 2026 1 source