Congress eyes trucking insurance changes, mandating automatic emergency braking

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{"text":"Two trucking-focused bills were introduced in the House this week. One aims to boost the required liability insurance coverage required of trucking companies, and the other would mandate that new trucks come equipped with automatic emergency braking systems.\n\nBoth bills were filed to the House’s Committee on Transportation and Infrastructure.\n\nRep. Jesus “Chuy” Garcia (D-Illinois) and Rep. Matt Cartwright (D-Pennsylvania) introduced the “INSURANCE Act” (H.B. 3781), which would not only raise the minimum liability insurance requirements for carriers but also tie the minimum to the inflation rate of medical costs, as determined by the Bureau of Labor Statistics.\n\nThe text of the bill has not been released as of Thursday afternoon, so the new proposed liability minimum is not yet known, but Garcia said in a press conference Tuesday to introduce the bill that the insurance minimum “should be nearly 6.5 times higher to account for today’s inflation and healthcare costs, according to the Bureau of Labor Statistics.” If the liability insurance minimum was increased by that much, the new minimum would be nearly $4.8 million, up from the current $750,000 minimum.\n\nRead more: https://www.overdriveonline.com/congress-eyes-trucking-insurance-changes-mandating-automatic-emergency-braking/","videos":"[]","link":"{}","pics":"[]","canComment":true}

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{"replyTo":"","text":"This will put an ungodly number of companies out of business. Why not link car insurance to medical premiums also while they are at it. Just give the Democrats time and they will.","replyToPid":0}