House bill would hike mandated insurance minimum substantially
Legislation that would up the federally required insurance minimum for motor carriers nearly six-foldfrom the current $750,000 to $4,442,000 is wending its way through Congress. Yet motor-carrier interests are not entirely aligned against the measure. Nicknamed the Safe Haul Act, the bill would also tie future insurance minimum requirements to the cost of medical care inflation. Introduced in the House by Rep. Matt Cartwright (D-PA) as the ...
Now if this passes we won't have to worry about elogs or new regs, retirement on the way.
If this is passed we can retire
Discussion in 'Ask An Owner Operator' started by saddleup, Oct 1, 2013.
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That Pennsylvania rep cartright is a shyster lawyer from Pennsylvania.. He introduces Bill for one reason and one reason only doesn't take a rocket scientist to figure it out either
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I'm just glad that clown isn't my direct rep. He should be glad as well. I have an annoying tendency to let my opinions known to my elected representatives.
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I work for a small company and my boss just raised his to 4 million to get work from a certain oil & gas company and he told me it wasn't cheap...
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That said, there is some more info in this thread too.
http://www.thetruckersreport.com/tr...220117-h-r-2730-your-liability-insurance.htmlSheepDog Thanks this.
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