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Financial & Insurance Insights
In 1980, Congress set a minimum insurance requirement of $750,000 for motor carriers during the deregulation of the trucking industry, a figure that has remained unchanged. A new bill in the House of Representatives aims to raise this minimum to $5 million. The Fair Compensation for Truck Crash Vict
Got story updates? Submit your updates here. › A visual representation of the ongoing debate over increasing trucking insurance minimums to better protect crash victims. Gainesville Today U.S. Representatives Jesús ‘Chuy’ García (D-Illinois) and Derek Tran (D-California) have reintroduced the ‘Fair
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 f
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 r
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 Ka
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 H
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 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
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 Hipp
