Legislation that would increase the minimum insurance liability coverage required for interstate trucking from $750,000 to almost $5 million would put more small owner-operators out of business, independent operators claim.- According to the article in freightwaves.com and its author John Gallagher

In a July 29 letter warning against the proposal, which was introduced in the U.S. Congress on July 16, the Owner-Operator Independent Drivers Association (OOIDA) told lawmakers that while the bill’s supporters contend it would increase safety by weeding out unsafe drivers and equipment, there is no correlation between insurance coverage and highway safety.- Gallagher also wrote in his article

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Source and credits:  freightwaves.com / John Gallagher, Washington Correspondent and Mario Pawlowski / iTrucker