Insurance Requirement To Be OOIDA's Biggest Battle This Year
A bill dubbed last year by the Owner-Operator Independent Drivers Association as the “poison pill” has reared its ugly head again. Rep. Chuy Garcia, D-Ill., announced last week that he plans to reintroduce the Insurance Act, which would increase the minimum insurance requirement for motor carriers. While the text of the bill still has not been released, previous versions of the bill called for increases that would have been devastating to small-business truckers. Garcia’s 2019 version of the bill called for the current minimum insurance of $750,000 to increase to nearly $4.925 million ...
Source: gobytrucknews.com
