On June 17, the House Committee on Transportation and Infrastructure voted for an amendment to increase the minimum insurance requirements from $750,000 to $ 2 Million. The minimum insurance standards have not increased since they were established in 1980. While the bill needs to pass the full House and Senate, the increase is essential to protect those who suffer catastrophic injuries from truck accidents.
Unfortunately, the $750,000 minimum insurance requirement is often times inadequate and the required insurance has not been adjusted for inflation in the past forty years. In the past, attempts to raise the minimum coverage have failed leaving injured individuals with limited recovery when their lives are forever changed by serious truck accidents. We hope the increased minimums will pass the House and the Senate and help those injured and lead to safer highways.