Earlier this week, the FMCSA Motor Carrier Safety Advisory Committee recommended higher minimum truck insurance, agreeing that federal minimums for commercial vehicles should be raised to about $4.4 million, up from $750,000.00. The Motor Carrier Safety Advisory Committee (MCSAC) agreed to the recommendation following a number of presentations from members of the AAJ’s Trucking Litigation Group.
Pushing for Higher Insurance Minimums for Trucks
As I’ve previously highlighted on this site, there is a real need for higher minimum truck insurance. The current level was set back in the 1980s and is grossly out of step with the real cost of emergency and ongoing medical care. In fact, 42% of all truck crash settlements in the United States surpassed the FMCSA’s minimum insurance requirements for commercial truck companies. It’s clear to me that the federal guidelines need to be updated to force truck drivers and commercial trucking companies to operate with reasonable levels of insurance coverage.
About the Motor Carrier Safety Advisory Committee
According it to its own website, the MCSAC provides advice and recommendations to the Administrator of the Federal Motor Carrier Safety Administration on motor carrier safety programs and motor carrier safety regulations. The MCSAC is comprised of 20 members appointed by the Administrator for two-year terms and includes representatives of the motor carrier safety advocacy, safety enforcement, industry, and labor communities.
The American Association for Justice: Trucking Litigation Group
The American Association for Justice is an organization of leading attorneys. As a truck accident lawyer, I sit on its Trucking Litigation Group. A number of my colleagues from this important group delivered presentations to the MCSAC, highlighting the pressing need for higher minimum truck insurance. I am grateful to my fellow committee members for their hard work and leadership on this important safety issue.