OOIDA: Proposed truck insurance hike to be tossed
Group says FMCSA will withdraw its proposal to raise minimum insurance requirements for motor carriers.
The Owner-Operator Independent Drivers Association (OOIDA) said today that the Federal Motor Carrier Safety Administration (FMCSA) plans to withdraw its proposal – made three years ago – to increase mandated levels of insurance coverage both freight and passenger motor carriers from $750,000 to $4 million.
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Source:: http://fleetowner.com/regulations/ooida-proposed-truck-insurance-hike-be-tossed
