Trucking Industry Uptick Bodes Well for Overall Economy
By Wendy Cornett
Experience has taught the trucking insurance agents at Roemer Insurance that a surge of activity within the trucking industry can be a reliable indicator of overall economic improvement, explained Wellington F. “Rocky” Roemer III, president and CEO of Roemer Insurance.
“Our trucking clients haul the raw materials to the plants; they haul the finished goods to the warehouses; they haul the inventory to the distributors and the retailers; and our clients – pretty much across the board – are showing healthy increases, especially in the last several quarters,” Rocky explained. “Existing fleets are hauling more freight, and when we see more goods in transit, this translates into an expanding economy.”
Another encouraging trend is that fleets are adding independent contractors to keep up with increasing demand, Rocky pointed out.
“Many motor carriers, when confronted with an improving economy and freight piling up on loading docks, will add owner/operators to their fleets.”
Roemer Insurance, an 80-year-old family-operated insurance business, has been a purveyor of insurance to the trucking industry throughout its 80-year history.
“My grandfather, Wellington F. ‘Dud’ Roemer, the founder of Roemer Insurance, started his independent insurance agency with his very first client, which was a trucking company, and we’ve been writing trucking fleets ever since,” Rocky said.
Roemer Insurance provides coverage for trucking fleets in a multistate operating territory throughout the Midwest and Florida. It also operates a division dedicated solely to the insurance needs of owner/operators known as Insure My Rig, a recognized brand in the independent contractor niche. Insure My Rig acquires its customers primarily through the Internet and insures truckers in nearly 40 states. As an added resource for its clients, the firm produces The Roemer Report, an online digest that provides valuable management information for trucking executives.
To keep pace with the swell of business among its trucking clients, Roemer Insurance has grown as well. The company recently added three more full-time agents devoted to serving the insurance needs of America’s truckers.
“Across the board, top to bottom, our truckers are doing better, and when they’re doing better, I would say that means the overall economy is showing signs of improvement,” Rocky added.
By Wendy Cornett
Few companies enjoy the privilege of celebrating 80 years in business, and Wellington F. “Rocky” Roemer III, president and CEO of Roemer Insurance, attributes his company’s success to its loyal customers, dedicated staff and reputation for outstanding service established by its founders.
“We’re very fortunate to have been continually serving our clients for eight decades. It’s truly a tribute to all the amazing people who have come before us and built this agency over time, one customer at a time and one policy at a time,” Rocky said. “From my grandfather to my father; to all the wonderful employees and all the loyal customers we’ve had; to the relationships we’ve enjoyed over the years; it’s all brought us to this place.”
Roemer Insurance celebrated its 80th anniversary on Friday, September 19, with a party in its parking lot at 3912 Sunforest Court in Toledo. The luncheon party was held from 11:30 until 2:30, with food, drinks, games and music.
Founded in 1934 by Rocky’s grandfather,Wellington F. “Dud” Roemer, the company has always maintained a focus on serving the trucking industry, while branching into other types of insurance.
Roemer Insurance offers its extensive expertise to trucking fleets throughout the Midwest; its independent contractor owner/operator brand, Insure My Rig, serves truckers all over the country. Additionally, The Roemer Report, an online digest, provides valuable information for trucking executives.
“It’s a rare company that can prosper for 80 years; not too many companies are successful for three generations,” Rocky added. “We have a marvelous group of employees at Roemer. Every one of us understands and acknowledges that we have a strong and prosperous company today because of the efforts of all the people who came before us.”
In a buoy to the nationwide prominence of its InsureMyRig.com brand, Roemer Insurance has received an Agent of the Month award from Great American Insurance Company of Cincinnati, Ohio. It is only the sixth award of its kind, being a new initiative Great American has undertaken to recognize excellence among its 18,500 licensed agents from all 50 states.
“We are honored that they would have selected us. Especially so early in the process and from amongst so many agents,” said Rocky Roemer.
There are 5,600 insurance agencies across the United States appointed to do business with Great American. The company, founded in 1872, is one of America’s oldest and best-respectedinsurance carriers Divided into several “groups,” its services are rooted in numerous specialtyinsurance areas, including trucking insurance.
It is with the Great American trucking division that Roemer Insurance works most closely.Rocky Roemer, the agency’s third-generation president received the new award in large part due to his agency’s InsureMyRig.com brand. “InsureMyRig is a national brand in our industry withthousands of customers across the country” Roemer stated. “Roemer Insurance is proud of its longstanding relationship with Great American. They are truly an industry leader in serving the independent contractor trucker. Our customers receive unparalleled service from GAIC’strucking division. It’s allowed us to build Insure My Rig into an enterprise that has customers in30 states, and growing,” Rocky said.