"Right now, truckers are required to hold just $750,000 of insurance, despite the fact that large truck crashes are more likely to result in grisly, multi-car pile-ups where multiple people die or sustain life-altering injuries."
"If minimums were indexed to inflation and raised to the $5 million recommended by García's bill, though, advocates say more victims could get the settlements they need to begin the recovery process without having to mount civil lawsuits that rarely result in sufficient settlements."
"Safety is foremost in the field of transportation, whether it's people driving cars, people on alternative modes of transportation, freight rail, passenger rail, you name it. ... This is essential modernization, and an investment in safety."
Rep. Jesus 'Chuy' García has reintroduced the Fair Compensation for Truck Victims Act to raise the minimum liability insurance for interstate motor carriers from $750,000 to $5 million. Current insurance levels are inadequate, leaving crash victims and their families financially devastated. The proposed increase, indexed to inflation, aims to provide necessary settlements for victims and reduce the number of crashes by ensuring better safety measures. García emphasizes the importance of safety in transportation and has been advocating for higher insurance minimums since 2019.
Read at Streetsblog USA
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