“The agency’s decision to move forward with this rulemaking not only flies in the face of … the data on crash costs analyzed by the agency, which shows that more than 99% of truck-involved crashes are covered in the current requirements,” noted Todd Spencer, OOIDA’s executive VP, in a statement.
OOIDA’s main concern is that raising insurance minimums could force small trucking firms out of business.
“Higher minimums will only increase the push for higher settlements no matter the real cost of the accident or the fault for the trucker,” Spencer stressed. “We are also concerned they would discourage motor carriers from increasing driver pay which is needed to attract and retain the safest drivers.”
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Why Mirror Camera Systems are the next step for fleet safety and exoneration While many commercial trucking cameras are similarly marketed, they are not all created equally. The...
Discover how modern fleet maintenance software can drive step-change improvements in shop efficiency, cost control and vehicle productivity, along with how to calculate the ROI...
Anyline’s study, “How Digital AI Solutions Can Enhance Rideshare Safety,” reveals rideshare drivers are overly confident in their tire knowledge, risking passenger safety. Download...
Anyline’s innovation allows accurate tire tread measurement via any mobile device, ensuring legal compliance for fleets. Read more and find out how you can cut operating costs...