U.S. Senators Urge Congress Not To Increase Liability Insurance Minimums
Sen. Steve Daines (R-MT) led a group of Senators that is urging Congress not to include any increases in liability minimums for commercial truck drivers in the next surface transportation reauthorization bill.
The letter asks the Senate Committee on Commerce, Science and Transportation, to not double the current minimum insurance requirement for commercial motor vehicles from $750,000 to $2 million.
“The only thing this would do is destroy small trucking businesses,” said Lewie Pugh, Executive Vice President of Owner Operator Independent Driver Association (OOIDA), who spent 22 years as an owner-operator. “Trial lawyers are simply trying to increase their payouts at the expense of those deemed essential, including truckers, farmers, and manufacturers.”