Insurance Agents
  • Trucking Insurance
    • Trucking Insurance
    • Automobile Liability
    • Motor Truck Cargo Liability​ (Cargo Insurance)
    • Physical Damage Coverage
    • General Liability Coverage
    • Bobtail Insurance
    • Non-Truck Liability
  • Commercial Insurance
    • General Liability
    • Commercial Insurance
    • Business Owners Package (BOP) Insurance
    • Real Estate
    • Workers Compensation
  • Personal Lines
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Life Insurance
      • Boat Insurance
      • Umbrella Insurance
  • About
    • Refer a Friend
    • Insurance Carriers
    • Privacy Policy
    • Blog
    • Accessibility Statement
  • Service
    • Report a Claim
    • Policy Review
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Free Consultation
  • Trucking Insurance
    • Trucking Insurance
    • Automobile Liability
    • Motor Truck Cargo Liability​ (Cargo Insurance)
    • Physical Damage Coverage
    • General Liability Coverage
    • Bobtail Insurance
    • Non-Truck Liability
  • Commercial Insurance
    • General Liability
    • Commercial Insurance
    • Business Owners Package (BOP) Insurance
    • Real Estate
    • Workers Compensation
  • Personal Lines
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Life Insurance
      • Boat Insurance
      • Umbrella Insurance
  • About
    • Refer a Friend
    • Insurance Carriers
    • Privacy Policy
    • Blog
    • Accessibility Statement
  • Service
    • Report a Claim
    • Policy Review
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Free Consultation

Publix Insurance Agency Blog

Pete Buttigieg and Trucking Insurance

4/1/2021

0 Comments

 
Pete Buttigieg
Pete Buttigieg
With a new President comes a new cabinet. This year, following President Biden’s inauguration, he appointed Pete Buttigieg as the United States Secretary of Transportation. With a change at the top, it is likely that the regulations governing transportation, specifically trucking, will evolve. Mr. Buttigieg recently made comments that allow us to infer potential changes that may influence trucking insurance.

Pete Buttigieg by Gage Skidmore (CC BY-SA 2.0)
Below are a few issues he raised as priorities under his leadership of this department:
  1. Speed limiters: Mr. Buttigieg plans to analyze the use of speed limiters in anticipation of mandating these devices nationwide. The use of the devices improves safety and reduces accidents, which should lead to better insurance premiums, however, this could be costly for the trucking industry overall.
  2. Side underride devices: This regulation would again be very costly, but would likely improve insurance premiums if these devices result in reduced severity of truck accidents.
  3. Electronic logging devices: It is likely that any new regulations around hours of service would add additional burdens to trucking employers without having any significant impact on insurance.
  4. Truckers between the ages of 18-21: While providing a pathway for eligibility of more truck drivers is a positive development for truck operators, it may lead to increased accidents as well. This would adversely affect insurance premiums for operators with young drivers.

While it is impossible to predict all the changes ahead for the department of transportation, we expect the department will increase regulations and burdens to trucking employers. In the short-term, it is unlikely that these changes will reduce trucking insurance premiums, however, if these changes reduce the frequency and severity of accidents, then over time insurance costs should go down.
0 Comments



Leave a Reply.

    Contact Us

    (630) 550-0150
    ​201 E Army Trail Rd. Ste 210
    Bloomingdale, IL 60108
    Click Here to Email Us

    Archives

    April 2021
    October 2020
    September 2020
    June 2020
    April 2020
    March 2020
    February 2020
    September 2019

    Categories

    All

    RSS Feed

Licensed in: IL AL AZ CA FL GA IA IN KS KY MD MI MN MO NE NJ NY OH PA TX UT VA WA WI
Picture
Picture

Navigation
Homepage
Insurance Quotes
Policy Service
Insurance Products
Privacy Policy
Contact Us
Agent Login

​Connect With Us

Contact Us
Publix Insurance Agency
201 E Army Trail Rd. Ste 210
Bloomingdale, IL 60108
(630) 550-0150​
Click Here to Email Us
Picture
Location


 ©Copyright 2020 PUBLIX INSURANCE AGENTS All Rights Reserved