insurance

Restart rollback: Congress could take further action on hours regs, block insurance increase rule

A bill introduced in the U.S. House this week would is passed further entrench the suspension of certain 2013 hours-of-service rules and block the DOT from proceeding with a rule to increase the minimum amount of liability insurance required of motor carriers.

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‘Help us stay in business’: Owner-ops tell FMCSA insurance increase would shut them down

Owner-operators say they fail to see the need for an increase to the minimum amount of liability insurance required of carriers, and they’re afraid an increase would drive premium costs to a point that would force them to close shop.

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Comment period closes tonight for FMCSA’s work to increase carrier insurance minimums

The public comment deadline on a rule that could increase the amount of liability insurance required to be held by carriers ends Feb. 26, and carriers and other industry stakeholders have until midnight 11:59 p.m. Thursday to submit their input.

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DAT: Insurance increase would impact owner-ops most, increase not justified

An increase in the minimum amount of liability required for trucking companies would adversely affect owner-operators and smaller carriers at a disproportionate rate and may even force them to close shop, according to recent analysis from DAT Solutions.

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FMCSA’s liability insurance questions: Before rulemaking, agency asks trucking about premiums, adequacy of coverage, self-insurance and more

Carriers have until Feb. 26 to offer their formal input on FMCSA's request for input on a potential liability insurance increase. Here are some of the topics and questions the agency is seeking trucking’s input on.

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FMCSA publishes official notice of insurance increase consideration, looking for industry input

FMCSA announced Nov. 26 it is seeking trucking industry input on a potential rulemaking that would increase the $750,000 minimum amount of liability insurance motor carriers must have.

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Liability insurance increase for carriers could see delay, may never come, ATA says

Owner-operator concerns over regulators’ seemingly quick work to produce a rule to raise the minimum amount of liability insurance trucking companies must have could be much ado about nothing, says ATA's chief of advocacy.

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White House clears FMCSA request for comment on potential insurance increase rule

The Advanced Notice of Proposed Rulemaking is intended to seek trucking industry input before FMCSA potentially produces a Notice of Proposed Rulemaking and a Final Rule.

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Division on liability insurance hike in the spotlight at regulatory meeting

An FMCSA advisory committee discussion offered insight into how the agency will proceed with its rulemaking to increase liability insurance minimums and the potential consequences facing small business truckers if and when an increase occurs.

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Independents: How much liability insurance do you carry?

With FMCSA preparing a rule to increase the minimum level of required liability insurance for carriers, this rule probes current levels of coverage among owner-operators with their own authority.

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