FMCSA Questions Need for Higher Carrier Insurance Minimums
March 15, 2026
FMCSA Report Highlights Data Limitations on Financial Responsibility for Motor Carriers The Federal Motor Carrier Safety Administration (FMCSA) recently presented a report to Congress regarding the adequacy of current financial responsibility requirements for motor carriers, noting significant data deficiencies. The agency mentioned that without comprehensive data, it is unable to conduct a thorough evaluation of […]
Read articleAccounts Frozen Amid Protests, Freeland Reports
March 13, 2026
Financial Actions Against Protesters in Ottawa On Thursday, Deputy Prime Minister Chrystia Freeland announced that financial institutions have swiftly frozen accounts linked to the protests in Ottawa, resulting in many demonstrators facing financial challenges. In her remarks, Freeland committed to additional account closures in the upcoming days as part of efforts to financially hinder the […]
Read articleNavigating the Shift in Trucking Insurance Costs
March 12, 2026
Truck accidents are not only on the rise, but their financial implications are also increasing sharply. Factors such as widespread fraud, double brokering, escalating truck prices, and rising labor costs, coupled with an increase in substantial court awards known as “nuclear verdicts,” have led to higher insurance rates throughout the trucking sector. Insurers report that […]
Read articleProposal to Boost Carrier Insurance Coverage Reintroduced
March 8, 2026
Legislation to Adjust Motor Carrier Insurance Requirements Reintroduced This week, U.S. Rep. Jesus “Chuy” Garcia (D-Ill.) reintroduced legislation aimed at ensuring that minimum insurance requirements for motor carriers are periodically updated to reflect the inflation rate of medical expenses. Historical Context of Insurance Minimums In 1980, Congress set the minimum insurance requirement for motor carriers […]
Read articleIllinois Trucking Insurance Pool Faces Financial Struggles Amid Fraud Claims
March 7, 2026
Illinois Assigned Risk Plan Faces Significant Losses The Illinois Commercial Auto Assigned Risk Plan is experiencing underwriting losses that approach levels commonly seen during market distress, prompting concerns regarding oversight, verification of exposure, and potential exploitation of the system by some trucking companies. Financial Overview Data obtained by FreightWaves indicates that from 2014 through the […]
Read articlePower Players in America’s Trucking Insurance Landscape
March 6, 2026
Overview of Trucking Insurance System Failures This article is the seventh part of a continuing analysis of the issues within America’s trucking insurance sector. Previous sections explored various aspects including regulatory gaps allowing insurers to bind policies without assessing carrier safety, the risk concentration revealed by insurer scorecards, and how certain loopholes impact liability coverage. […]
Read articleRethinking Trucking Insurance Minimums for Fleet Safety
March 4, 2026
This report from FMCSA is prepared every four years. (Mohamad Faizal Bin Ramli/Getty Images) March 4, 2026 2:20 PM, EST Key Takeaways: The FMCSA informed Congress that the existing federal insurance minimums are insufficient to cover catastrophic trucking losses due to rising medical expenses. The agency pointed out that healthcare inflation has diminished the effectiveness […]
Read articleFlorida Officials Bust 15 in Food Truck Insurance Fraud Scheme
March 3, 2026
Florida Officials Uncover $800,000 Insurance Scam Involving Food Trucks Authorities in Florida have revealed the dismantling of an alleged insurance fraud scheme worth $800,000, where food trucks were utilized to orchestrate fake accidents. Florida Chief Financial Officer Jeff Atwater disclosed the findings of a two-year investigation into insurance fraud, resulting in the arrest of 15 […]
Read articleSentry Insurance Expands Commitment to Support the Trucking Industry and Advocate for Fleets
March 2, 2026
WASHINGTON, March 2, 2026 /PRNewswire/ — Sentry has announced the renewal of its partnership with the American Trucking Associations (ATA) for another three years. This collaboration, which focuses on providing robust insurance solutions and advocating for the trucking industry, emphasizes their shared dedication to improving civil justice reforms that safeguard trucking fleets and bolster the […]
Read articleIllinois Trucking Insurance Pool Faces Financial Challenges Due to Fraud Claims
March 2, 2026
The Illinois Commercial Auto Assigned Risk Plan is facing significant underwriting losses that are near levels indicative of market distress, raising concerns about regulatory oversight, verification of exposures, and potential exploitation of the system by some trucking firms. Data obtained by FreightWaves indicates that between 2014 and the second quarter of 2025, the Illinois commercial […]
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