A lawmaker claims that trucking is further burdened by minimum insurance bills.
Further Synonyms: Burdened Trucking Insurance By 566% Now
During a House hearing, a congressman with experience in the trucking industry used his time to oppose a bill that would have increased the minimum liability insurance for motor carriers by 566%.
On Wednesday, January 17, the House Transportation and Infrastructure Committee held a hearing regarding the supply chain and the overall condition of infrastructure.
Regulations have made it challenging to run a small trucking company in the United States, according to Rep. Mike Collins, R-Ga., who runs a family trucking company.
Collins stated, “I genuinely think that the trucking industry is the most taxed and regulated industry in this country.” We have endured far too long being the target of excessive, burdensome
A lawmaker claims that trucking is further burdened by minimum insurance bills.
During a House hearing, a congressman with experience in the trucking industry used his time to oppose a bill that would have increased the minimum liability insurance for motor carriers by 566%.
On Wednesday, January 17, the House Transportation and Infrastructure Committee held a hearing regarding the supply chain and the overall condition of infrastructure.
Regulations have made it challenging to run a small trucking company in the United States, according to Rep. Mike Collins, R-Ga., who runs a family trucking company.
Collins stated, “I genuinely think that the trucking industry is the most taxed and regulated industry in this country.” We have endured far too long being the target of excessive, burdensome
Critics point out that the majority of motor carriers already carry $1 million in insurance, and the most recent investigation into the matter concluded that, in all but 0.6% of cases, the current minimum insurance level covers damages adequately.
The 2021 Infrastructure Investment and Jobs Act did not include a minimum insurance increase thanks in large part to the efforts of OOIDA. LL
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