On the recordJune 9, 2014
Mr. Chair, just a reminder that the DOT's own study says that less than 0.2 percent of truck-involved accidents have property and injury damages that exceed the current requirements. The bottom line is this: let the small business owner decide what they want to insure above the already required $750,000. This is one more regulation that is going to benefit the trial lawyers at the expense of small businesses. Remember, again, what the DOT said. Raising the minimum insurance levels is not the best way to meet the needs of catastrophic accident victims.
Source
govinfo.gov
