trucking alliance

FMCSA: Current insurance minimums for carriers ‘inadequate,’ new rule coming

The current $750,000 minimum liability insurance required to be held by carriers is too low, said the Federal Motor Carrier Safety Administration this week, and the agency plans to create a rule upping that minimum.

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House bill would increase trucking insurance minimum by millions

A bill referred to the House's transportation committee last week would raise the minimum insurance required by trucking companies from $750,000 to $4,422,000.

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