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Article: Rigging rigs for safety: trucking is still reeling from federal regulation changes in 2003 and 2005, a process one risk manager called a "nightmare." The government is poised to overhaul fleet technology next.(INLAND MARINE)(Company overview)
- Article from:
- Risk & Insurance
- Article date:
- April 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Summary
* Revisions to hours-of-service rules changed the way truckers operated, not once but twice--in 2003 and 2005.
* Truckers and their brokers feared an increase in hours-of-service violations would affect cover and pricing, especially because such data is readily available online to underwriters.
* Insurance carriers do their part to keep roads safe by denying coverage to companies that break laws designed to increase safety margins.
The Federal Motor Carrier Safety Administration perhaps should have known that changing truck driver hours-of-service regulations in 2003 for the first time in 60 years would cause some confusion.
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