trucking financial responsibility limits News

House Votes to Block Raising Truckers’ Minimum Insurance Limits

The House of Representatives voted narrowly this week voted to block the federal government from raising the minimum liability insurance limits for truckers as recommended recently by the regulatory agency for the trucking industry. The vote on June 10 came …

Drive Underway to Increase Truckers’ Minimum Insurance Limits

Truckers would be required to buy higher insurance limits under a government proposal, although how much higher is not yet known. The Federal Motor Carrier Safety Administration (FMCSA) concluded in a report to Congress that current minimum financial responsibility limits …