NU Online News Service, Sept. 14, 2:30 p.m. EDT
A new government system monitoring motor-carrier safety will achieve a long-term goal of reducing crashes, experts agree, but it may have a short-term impact of driving up loss severity for inattentive insurance carriers, some warn.
Transportation insurers are going to have more items to check as the Federal Motor Carrier Safety Administration (FMCSA), a division of the U.S. Department of Transportation, rolls out its Comprehensive Safety Analysis initiative–a new process for monitoring and enforcing compliance with more than 900 existing government safety regulations, according to Tommy Ruke, president of Insurance Business Consultants in Fort Myer, Fla.
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