/PRNewswire/ CUB Ventures is pioneering a partnership with Hot Seat Services, a veteran-owned leader in CDL driver recruiting, to advance the future of.
/PRNewswire/ CUB Ventures is pioneering a partnership with Hot Seat Services, a veteran-owned leader in CDL driver recruiting, to advance the future of.
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Welcome to the WHAT THE TRUCK?!? newsletter. In this issue, new bill looks to raise insurance coverage by 556%, pallet shortages, Germany goes driverless and more.
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H.R. 2687 On April 20, U.S. Rep. Jesús “Chuy” García reintroduced a bill that would raise insurance requirements for motor carriers from $750,000 to $4.92 million and the Owner-Operator Independent Drivers Association (OOIDA) is not happy about it. OOIDA took to Facebook Monday, pleading with truckers to take action against the proposed 556% increase in coverage.
The case for Garcia argues that the Insurance Act is necessary as the minimum insurance requirement has not been increased since 1980. In June of last year, when House lawmakers voted to increase insurance minimums to $2 million, proponents of the amendment argued that the current insurance liability requirement does not adequately compensate victims of accidents involving large trucks. That bill died in the Senate.