We encourage all of our transportation clients to let the Federal Motor Carrier Safety Administration (FMSCA) know how you feel about the possibility of
increasing insurance minimums.
J.J. Keller & Associates reports that the FMCSA will be deciding whether to:
- Increase the minimum levels of financial responsibility for motor carriers, including liability coverage for bodily injury or property damage.
- Establish financial responsibility requirements for passenger carrier brokers.
- Implement financial responsibility requirements for brokers and freight forwarders.
- Revise existing rules concerning self-insurance and trip insurance.
Please take a moment to think of the financial implications new requirements would have on your business.
Comments are being taken until February 26, 2015. Please log on to www.regulations.gov or send a fax to
202-493-2251 and reference docket number FMCSA-2014-0211
Thanks for reading.