April 14, 2026
On April 10, 2026, Representatives Jesús “Chuy” García (IL-04) and Derek Tran (CA-45) presented the Fair Compensation for Truck Crash Victims Act in Washington, DC. This proposed legislation seeks to modernize federal insurance standards for interstate motor carriers and enhance financial security for those impacted by severe truck accidents. The initiative is designed to fill […]
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April 8, 2026
WASHINGTON, March 2, 2026 /PRNewswire/ — Sentry has renewed its three-year alliance with the American Trucking Associations (ATA) as a Corporate Partner and Featured Product. This partnership emphasizes a mutual dedication to supporting the trucking sector through extensive insurance solutions and robust industry advocacy. Their ongoing collaboration aims to promote civil justice reforms designed to […]
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April 8, 2026
Have updates to share? Submit your information here. › Despite investing in safety equipment, trucking companies are struggling with rising insurance costs that affect their profitability. Saratoga Springs Today Support for Insurance Reform The Trucking Association of New York is backing Governor Kathy Hochul’s initiative to reform auto insurance regulations, aiming for reductions in premiums. […]
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April 3, 2026
The Motor Carrier Act of 1980 The Motor Carrier Act of 1980 set the federal minimum insurance requirement for interstate for-hire trucking at $750,000 for general freight and $1 million for hazardous materials. This general freight minimum has remained unchanged for 44 years. Insurance Coverage: A Historical Perspective In 1980, an insurance coverage of $750,000 […]
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March 25, 2026
Lack of Regulatory Standards in Trucking Insurance No federal or state legislation mandates that insurance companies assess a motor carrier’s safety fitness before issuing a commercial trucking policy. While all for-hire interstate carriers are required to have minimum liability coverage to operate, the methods for obtaining this coverage vary widely. Some involve strict actuarial underwriting […]
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March 23, 2026
The Burden of Rising Auto Insurance Costs in New York New Yorkers are increasingly feeling the pressure of an affordability crisis that continually drives up the costs of groceries, fuel, and commuting. While housing and inflation often dominate public discourse, a significant factor contributing to this crisis is the soaring auto insurance rates. For countless […]
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March 21, 2026
Koffie Insurance Secures $11M in Series A Funding Koffie Insurance, an InsurTech startup catering to the trucking and transportation industry, has successfully raised $11 million in its Series A funding round. The round was led by Anthemis Group, with participation from existing investors Lerer Hippeau Ventures and Plug and Play Ventures. New investors included CP […]
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March 20, 2026
Steven Cadena Joins Alliant – Steven Cadena has joined Alliant Insurance Services, bringing over ten years of experience in commercial trucking insurance from Laredo, Texas, focusing on cross-border transportation companies. Acquisition Announcement – On February 12, 2026, Alliant Insurance Services, the nation’s top specialty broker, announced the acquisition of the For-Hire Trucking portfolio from Laredo […]
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March 20, 2026
Are the current levels of “financial responsibility” — primarily liability insurance — for carriers too low? This is a question that the Federal Motor Carrier Safety Administration (FMCSA) has been examining since a report released in April indicated that the existing $750,000 minimum is inadequate for many incidents that result in claims exceeding this amount. […]
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March 16, 2026
MAN Financial Services UK Joins TRATON Financial Services Swindon, November 4, 2024 – MAN Financial Services UK has officially become part of TRATON Financial Services, integrating with the TRATON GROUP, a major player in the commercial vehicle manufacturing and mobility solutions sector. Since its launch on April 1, 2023, TRATON Financial Services has significantly altered […]
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