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Debate Rages Over Minimum Insurance Standards for Cargo Trucks

A battle is shaping up between insurers, truckers and plaintiffs lawyers over a dog that has been sleeping for a long whileminimum insurance requirements for cargo trucks.

By Arthur D. Postal | Updated on June 19, 2013

A battle is shaping up between insurers, truckers and plaintiff’s lawyers over a dog that has been sleeping for a long while—minimum insurance requirements for cargo trucks.

The insurance minimum for cargo trucks has remained at $750,000 since 1980, when the industry was deregulated. The Federal Motor Carrier Safety Administration (FMCSA) has unilateral authority under the 1980 law to raise the standard.

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