Truck insurance rates are probably the last thing on the FMCSA’s mind when they institute new safety programs, but FMCSA regulations can have a large indirect effect on the industry.
Commercial trucking is highly regulated for good reason. Over 45,000 deaths occur each year in motor vehicle related accidents and it is estimated that up to 9 percent of those accidents involve commercial trucks.
It is therefore the responsibility of several government and private agencies to make sure that roads and highways are safe for all drivers, including truck drivers. The United States Department of Transportation has established several of these agencies, such as the Federal Motor Carrier Safety Administration, or FMCSA. (more…)
