insurance

Business

High-Profile Accidents Prompt Insurers to Cut Truck Coverage

Costly, high-profile accident losses are transforming the trucking insurance market, potentially raising costs and tightening pressure on fleets to improve safety and reduce risk, industry experts said.

Rip Watson | Special to Transport Topics
March 21, 2016
Business

Scamming Cargo Insurance Broker Behind Bars

The FBI said Aug. 25 the former operator of Appeal Insurance Agency, based in Norcross, Georgia, has been sentenced to four years in federal prison for insurance fraud.

Roger Gilroy | Staff Reporter
August 27, 2015
Government, Business

House Rejects Insurance-Requirement Proposal

Rep. Matt Cartwright

Lawmakers rejected an amendment targeting insurance requirements during the House’s consideration of the fiscal 2016 transportation funding bill June 4.

Eugene Mulero | Staff Reporter
June 5, 2015
Business

Truckers Criticize Potential Increase in Minimum Insurance Requirements

The Federal Motor Carrier Safety Administration received more than 2,000 comments on its advanced notice of proposed rulemaking to increase mandatory insurance minimums, many of them questioning whether an adjustment was needed.

March 9, 2015
Government, Business

FMCSA to Seek Input on Increasing Minimum Insurance Levels

The Federal Motor Carrier Safety Administration on Nov. 28 published an advance notice of proposed rulemaking on increasing the minimum insurance levels for carriers and brokers.

Michele Fuetsch | Staff Reporter
November 29, 2014
Business

EBE Technologies Creates Owner-Operator Insurance Enrollment Software

EBE Technologies said it has created an insurance-enrollment program for carriers hiring owner operators and independent drivers.

June 30, 2014
Government, Business

Schumer Calls for Raising Insurance Requirements for Truck Companies

Andrew Harrer/Bloomberg

Sen. Charles Schumer (D-N.Y.) said on June 16 he would push to raise the minimum insurance liability that truck companies are required to hold when the Senate considers a fiscal 2015 transportation funding bill as early as June 17.

Eugene Mulero | Staff Reporter
June 16, 2014
Business

Fleets Oppose Obama Administration Plan to Eliminate FMCSA Self-Insurance Option

Some of the nation’s largest trucking companies are joining forces to oppose the Obama administration’s plan to eliminate a self-insurance option for motor carriers.

June 16, 2014
Business

FMCSA to Raise Minimum Levels for Carriers’ Required Insurance

The Federal Motor Carrier Safety Administration said it plans to raise the required $750,000 insurance minimum for interstate motor carriers because the amount is not adequate to cover the cost of some serious crashes.

April 28, 2014
Government, Business

FMCSA Says Motor Carrier Insurance Requirements Inadequate for Some Crashes

The current financial responsibility minimum of $750,000 for motor carriers is inadequate to meet the costs of some crashes, according to a Federal Motor Carrier Safety Administration report released April 18.

Eric Miller | Senior Reporter
April 18, 2014

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