Truckers’ Required Insurance Coverage Could Double

Adam Blanchard of San Antonio oversees almost every aspect of the trucking business that he helped open six years ago.

“At that time we started with one truck, one trailer and got that on the road,” Blanchard said of his company, Double Diamond Transport, Inc.

The mom and pop operation has grown to almost 75 trucks. He calls it a “very tight margin business.”

Blanchard is concerned about a measure on Capitol Hill that would more than double the minimum amount of insurance required for truckers.

“This is the type of situation that could very likely put us out of business,” he said.

The amendment to a transportation bill would require him to carry $2 million of insurance on each vehicle, instead of the current $750,000 minimum.