Owner-operators and the lobbying group that represents them say they fail to see the need for an increase to the minimum amount of liability insurance required of carriers and they’re afraid an increase would drive premium costs to a point that would force them to close shop.
The publicly aired concerns came from the more than 2,000 comments submitted in the 90-day public feedback window allowed on the Federal Motor Carrier Safety Administration’s solicitation for input from trucking industry stakeholders and the public at large on a potential rule to up the minimum about of liability insurance trucking companies must legally carry.