insurance

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 | Senior 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
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

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