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FMCSA request for input on liability insurance increase clears White House, paving way for publication

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A Federal Motor Carrier Safety Administration ”rule proposal” that continues the agency’s process of increasing the minimum amount of liability insurance carriers must have has cleared the White House’s Office of Management and Budget, meaning an Advanced Notice of Proposed Rulemaking is likely to be published in the coming weeks.

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FMCSA advisory committee on insurance rule: Consider smaller carriers, no number set

Members of the FMCSA’s Motor Carrier Safety Advisory Committee spent the morning of their second day of meetings this week debating the agency’s work in ...

The ANPRM is intended to seek trucking industry input before it produces a Notice of Proposed Rulemaking and a Final Rule.

Dave Osiecki, head of advocacy for the American Trucking Associations, says the ANPRM will simply be a list of questions targeted at industry stakeholders as part of the agency’s data gathering process.

The current minimum, set in the 1980s, is $750,000, which the agency says would be closer to $2 million if it had kept up with inflation.

Trucking industry groups, however, argue that just 1 percent of truck-related crashes exceed $750,000, therefore making the rule — and potential premium increases — unnecessary.

FMCSA’s Motor Carrier Advisory Committee talked on the subject last week. Click here to read CCJ’s coverage.

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James Jaillet is the News Editor for CCJ and Overdrive. Reach him at jjaillet@randallreilly.com.