On May 14, 2020, the Federal Motor Carrier Safety Administration updated the rules and regulations related to hours of service requirements for the trucking industry. The FMCSA regulates the numbers of hours in day and week that a truck driver can work and also mandates a certain amount of rest time and days off. These regulations exist to limit the number of serious accidents caused by fatigue involving tractor trailers.
While the world steps through the global pandemic, we know our clients are facing the same questions, concerns, and decisions that we are grappling with. The collective safety of our employees, families, clients, and your business interests weigh heavily on everyone’s mind. Disaster planning can only take you so far when experiencing anything of this magnitude.
How does insurance play into the events unfolding? Insurance policies address coverage in general terms. The specific circumstances around each loss or situation will determine whether or not coverage applies. However, in general terms, we’d like to share an overview of the potential claims issues in various lines of coverage and how those policies might respond.
The Federal Motor Carrier Safety Administration was created in 2000 to reduce the number of crashes involving large trucks and tractor trailers. The FMCSA tackles this approach in a number of different ways. Some of those ways involve issuing regulations and enforcing those regulations with civil penalties. But the FMCSA also a mandate to issue educational trainings to carriers and truck drives aimed at improving road safety.
Hardly a day goes by in the current news cycle without some new cyber-security story breaking. The end of 2016 included a disclosure of 500 million hacked Yahoo! email accounts, concerns raised over the security of U.S. election systems, and a formal announcement by the U.S. government that Russians had hacked into the emails of the Democratic National Committee and the New York Times. A Report from industry experts this past month pegged the expected value of cybercrime in 2021 at $6 TRILLION a year.