Commercial motor carriers in the United States are currently required to have a minimum of $750,000 in liability insurance. That minimum has not been raised in nearly 30 years. According to the Federal Motor Carrier Safety Administration (FMCSA), if insurance regulation in the trucking industry had been adjusted for inflation, then the minimum would now be $1.62 million. If the regulation had taken into account increased medical costs, then the minimum would be $3.18 million.
At the very least, medical care is meant to protect patients from unnecessary injury or illness. We generally expect medical treatment to improve our health rather than harm it. However, in many cases, medical mistakes cause injuries and other medical problems that are not related to the patient's underlying condition.
Much has been said in the last few years about the dangers posed by magnets in toys and other products available to children. As we discussed in a previous post, children have ingested these powerful magnets, which can become connected in the body and cause serious tissue damage. According to federal regulators, various kinds of small magnets have been swallowed by more than 1,000 children, many of whom required major surgery.
Thankfully, parents today accept it as common sense that children, particularly young children, should be in appropriate car seats anytime they travel in a motor vehicle. This is due in large part to strict laws regarding car seat use for children.
The trucking industry must comply with a multitude of complex rules and regulations to ensure safety on our nation's roads. Recently, the Obama administration announced a proposal that would refine existing safety programs, as well as introduce new initiatives.