Federal Motor Carriers Risk Retention Group (FMCRRG), a Delaware-domiciled RRG that provides commercial auto liability coverage for midsize trucking companies, has found a way to offer truckers competitive rates at a time when they are feeling the pain of skyrocketing fuel costs.
The RRG has structured a purchasing group program that resembles a type of “reverse cell” arrangement, enabling it to offer insurance to truck owner/operators with small fleets in multiple states.
To accommodate the program, six Delaware-domiciled PGs have been formed, all bearing the name CBIP Advantage of (State), LLC, for the following states: California, Florida, Louisiana, New Jersey, Pennsylvania and Texas.
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