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Despite warnings from the Owner-Operator Independent Drivers Association against a proposed new highway bill, House lawmakers have voted to increase the mandatory minimum insurance coverage for commercial motor vehicles from $750,000 to $2 million. The change came in the form of an amendment added to the proposed Highway Funding bill, passed through the House Transportation and Infrastructure Committee.

The amendment faced scrutiny from members of the trucking industry who believe that it could force smaller carriers and owner-operators to shut down due to the massive increase in costs. Lawmakers felt that the increase was due because minimum insurance requirements for motor carriers were initially established in 1980 and have never been adjusted for inflation. For reference, one dollar in 1980 is worth $3.36 today.

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