Industry tells Congress “No” on insurance increase

The Owner-Operator Independent Drivers Association led a coalition of more than 60 trade associations in voicing opposition against any increase of federally-mandated insurance minimums for motor carriers. The coalition sent a letter to Senate transportation leadership contending that higher insurance levels would do nothing to improve highway safety and would have a severe economic impact on truckers, farmers and manufacturers by significantly increasing their operational costs.

Truckers succeed in getting arbitrary increase in insurance minimums taken off the regulatory table

Small-business truckers have succeeded in getting a potentially devastating proposed regulation withdrawn by the Federal Motor Carrier Safety Administration.The Owner-Operator Independent Drivers Association and its members had vehemently opposed a proposed rulemaking to arbitrarily increase insurance minimums for commercial motor carriers. In 2014, the FMCSA proposed increasing federally mandated levels of insurance coverage for property and passenger motor carriers from $750,000 to $4 million.