By
Team Writer
/ June 11, 2017
After three years, the proposed change of rules regarding the amount of insurance that must be carried by trucking companies is being abandoned. Unable to determine in what way increased insurance would be of benefit to the public, the lawmakers have determined there is not support to move forward with the increased monetary obligation for trucking.
Key Takeaways:
- More than three years after launching a rulemaking to increase minimum insurance requirements for trucking, the FMCSA is dropping the effort.
- FMCSA had been seeking public comment on whether to exercise its discretion to increase the minimum levels and, if so, to what levels.
- In the end, the effect of receiving so many unconvincing arguments over the past three years was worrisome enough to compel the agency to drop the matter.
“More than three years after launching a rulemaking to increase minimum insurance requirements for trucking, the Federal Motor Carrier Safety Administration is dropping the effort because it says it has not collected enough information to warrant going forward– at least for now.”