Issue link: https://read.dmtmag.com/i/536679
TRUCKING KNOWLEDGE 30 // OWNER OPERATOR // JULY 2015 much about exactly what other coeffi cients will play a role. But he did say the owner- operator rating structure could allow it to better reward those with good safety records by lowering their premiums. It could also allow it to insure operators that previously would have been booted under the old criteria, albeit with a more expensive premium. He did also say the company is obviously keeping a close watch on FMCSA's potential rule to increase the fi nancial responsibility required of carriers and brokers. The minimum is currently at $750,000. Progressive does not have a stance on the change, Miller says, but much of their book is at a million already, he says, as are the requirements of many shippers. He couldn't speak to specifi cs of premium increases that could be associated with an increase. OO