“Congress is considering legislation to raise minimum required insurance liability limits for motor carriers from $750,000 to $2 million. The minimum has not changed in nearly 40 years.
On its face, reviewing the minimum makes sense after passage of time. It is in the public interest for carriers to have sufficient limits to cover serious, negligently caused injuries. Most carriers have at least $1 million of coverage currently. That said, the effort to raise limits is not as simple as it might appear”.
Brian Fielkow, CEO of Jetco Delivery, part of The GTI Group, discuss his views on the insurance liability limits currently affecting the trucking industry.
For more on this story, click the link below!