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Higher Compensation for Truck Crash Victims

This act significantly increases the minimum insurance required for trucking companies to cover damages in case of an accident. This means that individuals injured in truck crashes can expect much higher compensation, helping to cover medical costs and other losses. Additionally, this amount will be regularly adjusted for medical cost inflation, ensuring its relevance.
Key points
Minimum insurance for trucking companies will increase from $750,000 to $5,000,000, improving the chances of full coverage for medical and other losses after an accident.
The minimum insurance amount will be automatically adjusted every five years for medical care inflation, ensuring its real value in the future.
The changes will take effect one year after the act's enactment, giving companies time to adapt to the new requirements.
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Expired
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Additional Information
Print number: 118_HR_6884
Sponsor: Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Process start date: 2023-12-22