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Tag: liability
Business
High liability rates becoming the norm
Liability coverage costs have increased markedly in recent years. Premiums for a $1 million liability policy now can range from around $6,000 to $16,000 or more a year.
July 12, 2019
Overdrive Extra
Plenty blame to go around in Colo. tragedy, when the damage is done
Trucker Clifford Petersen on the Colo. disaster: “Let’s build a training program within our industry that the feds will model, because the standards are high, and expectations are even higher. The lives we save may be those of our own families. Those lives may be our own.”
May 6, 2019
Business
FMCSA officially nixes rule on increasing minimum liability insurance required for carriers
Ultimately, the agency says it received too little feedback, particularly from insurance companies, to proceed with a rulemaking. FMCSA sought to quantify whether the current $750,000 minimum, set in 1985, was too low to cover modern liability claims.
June 2, 2017
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