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Financial & Insurance Insights
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 a
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
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 sha
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 Frei
WASHINGTON — The Federal Motor Carrier Safety Administration (FMCSA) has alerted Congress about a significant “insurance gap” that is making the American trucking sector increasingly vulnerable. In its 2026 quadrennial report to lawmakers, the agency presented a concerning situation for the industry
Feb 28, 2026 Insurance Shortfall in Trucking Sector The Federal Motor Carrier Safety Administration (FMCSA) has reported to Congress about a critical gap in insurance within the trucking industry in its 2026 quadrennial report. The report reveals an industry structure of more than 456,000 active int
Feb 28, 2026 A recent report from the Federal Motor Carrier Safety Administration (FMCSA) submitted to Congress reveals a critical financial risk for the trucking industry. The 2026 quadrennial assessment highlights a significant insurance shortfall, pointing out that the median legal awards in seri
Key Considerations: In a Cost, Insurance, and Freight (CIF) agreement, the buyer takes on the responsibility for import expenses and final delivery once goods arrive at the designated port. If the cargo suffers damage during transit, the buyer must submit a claim to the seller’s insurance provider.
FMCSA Warns of Significant “Insurance Gap” in Trucking WASHINGTON — The Federal Motor Carrier Safety Administration (FMCSA) has alerted Congress to a substantial “insurance gap” that is making the American trucking sector increasingly vulnerable. Shifting Landscape of the Trucking Industry In its la
