U.S. Safe Haul Act Would See Insurance Skyrocket 500%
The U.S. government is trying to introduce a bill that would substantially raise the insurance minimum for motor carriers.
The Safe and Fair Environment on Highways Achieved through Underwriting Levels act, or “SAFE HAUL” for short, would see the insurance minimum rise from $750,000 to just over $4.4 million, reports Heavy Duty Trucking.
The current minimum was established by Congress in 1980. However, government officials say that with inflation and increased costs of medical care, the numbers are equivalent.
“This is a matter of public safety,” he said. “Tragically, more than 100,000 people have been killed in commercial vehicle collisions since 1980. This legislation is essential to protecting our nation’s highways and ensuring that victims receive the proper amount of compensation for their losses.”
For the full story, visit Heavy Duty Trucking’s website.
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