Legislation would increase minimum insurance coverage required for trucking companies

Jul 25, 2019 at 10:18 AM CST - 1
As FOX31 has previously reported, federal law only requires Castellano 03 Trucking to carry $750,000 in liability insurance, which is exactly what the company carries, according to a federal document obtained by the Problem Solvers. New legislation submitted by U.S. House Reps. Jesus G. "Chuy" Garcia of Illinois and Matt Cartwright of Pennsylvania would change that. The two Democrats have introduced the INSURANCE act, a measure that would increase the insurance minimums to be updated with inflation. The new bill would set the insurance minimum at $4.9 million per accident.

Jul 25, 2019 at 10:18 AM CST

- 1

As FOX31 has previously reported, federal law only requires Castellano 03 Trucking to carry $750,000 in liability insurance, which is exactly what the company carries, according to a federal document obtained by the Problem Solvers. New legislation submitted by U.S. House Reps. Jesus G. "Chuy" Garcia of Illinois and Matt Cartwright of Pennsylvania would change that. The two Democrats have introduced the INSURANCE act, a measure that would increase the insurance minimums to be updated with inflation. The new bill would set the insurance minimum at $4.9 million per accident.