U.S. Rep. Matt Cartwright, D-Pa., has introduced the Safe and Fair Environment on Highways Achieved Through Underwriting Levels Act, also known as “A SAFE HAUL,” which would raise the required insurance minimum for motor carriers.
H.R. 2730 would increase the required insurance minimum for motor carriers from $750,000 to $4,422,000. The bill would also tie the future insurance minimum requirement to the cost of medical care inflation.
Congress established the current insurance minimum of $750,000 in 1980. Cartwright alleges that this minimum is outdated and fails to promote safe operations by holding insurers responsible for inspecting trucking operations prior to underwriting policies.
“This is a matter of public safety,” Cartwright said in a written statement. “Tragically, more than 100,000 people have been killed in commercial vehicle collisions since 1980. This legislation is essential to protecting our nation’s highways and ensuring that victims receive the proper amount of compensation for their losses.”
“Outdated trucking insurance limits shift the burden of crash costs to injured motorists, taxpayers, medical insurance carriers and Medicare,” added Mary Alice McLarty, president of the American Association for Justice. “This legislation is long overdue.”
The bill was assigned to a congressional committee on July 18, which will consider it before possibly sending it on to the House or Senate as a whole.