Owner-operators

House vote imminent to raise mandatory insurance coverage to $2 million

Lawmakers marking up the U.S. House of Representatives’ version of the surface transportation reauthorization bill are considering an amendment that would more than double the required amount of insurance coverage for truck owners from $750,000 to $2 million.

Proponents of the amendment argue that the current insurance liability requirement does not adequately compensate victims of accidents involving large trucks. Opponents, including small-business truck owners, contend that raising the limits...

https://s29755.pcdn.co/news/house-vote-imminent-to-raise-mandatory-insurance-coverage-to-2-million

Research group shifts focus to non-nuclear truck crash verdicts

Truck crash

The American Transportation Research Institute (ATRI) will study non-nuclear verdicts in truck crashes as its top priority for the year following last year’s analysis of multimillion-dollar awards.

ATRI expects to publish its findings on nuclear verdicts in June, ATRI President Rebecca Brewster told FreightWaves.

In addition to the effects of small verdicts on the trucking industry, ATRI’s Research Advisory Council chose to follow up on a 2019 study of trucking insurance rates by looking at how...

https://s29755.pcdn.co/news/research-group-shifts-focus-to-non-nuclear-truck-crash-verdicts

+ More