The California State Assembly unanimously voted for a bill that will help accelerate the transition to clean-air technology by making sure clean fleets have access to available and affordable commercial insurance.
Assembly Bill 844, the Clean Fleet Insurance Accelerator legislation was authored by Assemblymember Mike Gipson and sponsored by California Insurance Commissioner Ricardo Lara.
AB 844 is designed to create a source of credible data for insurance companies to use in pricing and selling insurance for clean truck fleets to support cleaner technologies.
Starting in 2024 when California’s Clean Truck Regulation requires manufacturers to sell more electric and zero-emission trucks, the California Department of Insurance would start requiring insurance companies to report data, including:
- How many zero-emission trucks are covered?
- What insurance losses do they report for these vehicles?
- What are the coverage levels offered?
Using this data, the CDI plans to create a “one-stop shop” for truck fleet operators to find insurance options, while working together with other state agencies, including the California Air Resources Board, on a strategy to close any coverage gaps that exist.
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