From Jarrod: Insurance regulations are needed now, not later
Imagine surviving a semi truck carrying 30,000 pounds of goods slamming into you, and then finding out you carry more insurance than the driver of the semi.
In 2016, a private carrier driver was involved in a car accident that injured my brother to the extent he had to be transported by helicopter to the ER. In discovery, I learned that private carriers, companies that transport their own cargo, are not regulated at all.
Everyone else on the road is required to have insurance, but private carriers are not.
The Federal Motor Carrier Safety Administration (FMCSA) does not require private carriers to have insurance. The same goes for state DOT departments that don’t regulate, but require private not-for-hire carriers to have insurance falls 4-6 times lower than required of any other kind of commercial carrier.
Making matters worse, the fatality rate per vehicle mile traveled is more than 50 percent higher for large trucks than the rate for all highway vehicles combined, according to the FMCSA.
There is a plan for stronger regulations through the Unified Registration System (URS), a new electronic registration system. Unfortunately, the FMCSA just delayed the implementation of the URS once again.
Once the URS is ready, all private carriers will be regulated and will be required to have at least $750,000 insurance.
The continued delay of this protection should be a major concern to the general public. It is to me.