Insurance Premiums Going Up

Discussion in 'Other News' started by mjd4277, Jun 18, 2020.

  1. mjd4277

    mjd4277 Road Train Member

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  3. LondRanger

    LondRanger Road Train Member

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    Everything in trucking is now done to push owner ops out of the industry.
     
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  4. Atlaw4u

    Atlaw4u Medium Load Member

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    Yep, if it passes I just may be selling the truck. I just run part-time and thus, I don't think I can afford to keep 2M of insurance.
     
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  5. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    That is a very misleading headline. The House did not vote on this. The Transportation committee voted to accept the amendment to the new highway appropriations bill to increase these costs. It still has to pass the full House voting and then ppass the Senate. Not a done deal.
     
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  6. ZVar

    ZVar Road Train Member

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    While true, let's be honest. How likely is a bill like this to not get passed once it's out of committee?
     
  7. mjd4277

    mjd4277 Road Train Member

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    PE_T Thanks this.
  8. Atlaw4u

    Atlaw4u Medium Load Member

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    Call your representatives!
     
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  9. Doealex

    Doealex Medium Load Member

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    So you think owner-operators are going to get hosed? Everyone is going to suffer the same. The ones with claims (higher loss run ratio) will suffer the most.
     
  10. LondRanger

    LondRanger Road Train Member

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    everyone might, but owner ops, the one man crews are going to suffer the most.
     
  11. Doealex

    Doealex Medium Load Member

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    Unless you run Megas loss run ratio, you don’t know that. Insurance companies found out that drivers become the safest after running about 5 years. How many drivers do Megas employ with 5 years or more of experience?
     
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