insurance

Business

Bill Proposes Massive Boost in Truck Insurance Minimum

The minimum injury and property damage insurance level for trucking companies would rise nearly 500% to $4.4 million from the current $750,000 under a measure proposed by a congressman who said the current level is insufficient to protect crash victims.

July 29, 2013
Editorial, Business

Editorial: An Insurance Kerfuffle

The move by Rep. Matt Cartwright to force all motor carriers to increase their minimum injury and property damage insurance coverage by almost 500% is a misguided solution in search of a problem.

July 29, 2013
Business

Bill Would Boost Carriers’ Insurance Minimums Nearly 500%

Larry Smith/Trans Pixs

A House bill would increase the minimum liability insurance trucking companies must have to $4,422,000, from the current $750,000, which hasn’t changed in 33 years.

Timothy Cama | Staff Reporter
July 22, 2013
Perspective, Business

Opinion: Turn Risk Into a Competitive Advantage

In speaking with hundreds of trucking company executives over the course of my career, I’ve noticed two distinctly different mentalities when discussing insurance: There are those who buy insurance, and there are those who manage risk.

November 5, 2012
Business

Fleets Should Expect Rising Premiums for Insurance Coverage, Experts Say

Fleets should expect rising insurance premiums, especially for property/casualty and workers’ compensation lines, executives and insurance brokers said.

November 5, 2012
Perspective, Business

Opinion: Read the Fine Print of That Insurance Policy

If some enterprising psychologist hasn’t done so already, an intriguing study could be conducted on why so many otherwise intelligent people have never managed to read all of a warranty, a homeowner’s insurance policy or even the instruction manual that came with the latest piece of pricey electronic equipment.

August 20, 2012
Business

ATA’s Card Visits London Insurers, Urges Them to Re-Enter U.S. Trucking Market

Michael Card, second vice chairman of American Trucking Associations, urged insurance underwriters in London last week to re-enter the U.S. trucking market.

July 18, 2011
Business

Carriers Told to Ignore Erroneous Letters Warning of Loss of Operating Authority

The Federal Motor Carrier Safety Administration told carriers last week that letters warning about possible loss of operating authority after notifying the agency of cargo insurance cancellations were sent in error.

March 21, 2011
Business

FMCSA: Carriers May Ignore Cargo Insurance Warning Letters

The Federal Motor Carrier Safety Administration said motor carriers that received notices of investigation for revocation of authority based on cancellation of their cargo insurance policies on or after March 21 “need not respond to such letters if they have a service date of Feb. 19 or after.”

Daniel P. Bearth | Staff Writer
March 15, 2011
Business

FMCSA Issues Bogus Threats to Carriers

Thousands of motor carriers have received erroneous warnings from the Federal Motor Carrier Safety Administration recently about the possible loss of their operating authority due to the cancellation of cargo insurance policies that the agency no longer requires in most cases.

March 14, 2011

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