C.H. Robinson Says Most Liability Cases Settle as Insurance Costs Rise
At Citi’s Global TMT Conference in New York, C.H. Robinson executives discussed a changing legal environment, noting a jury found 23% of blame assigned to the company in a prior case involving nuclear allegations. CFO Damon Lee said 98% of Robinson’s cases are dismissed or settled, and the firm expects insurance costs to rise only moderately, largely passed through in freight rates.