Michael Nacol represents victim of fiery Dr. Pepper crash. Read more.
At The Law Offices of Michael Nacol we are aggressive, compassionate, result driven problem solvers. Michael Nacol, of Houston, Texas is one of the nation's most dedicated 18 wheeler truck accident and wrongful death personal injury attorneys. Don't let an inexperienced lawyer get you less than you deserve. We make no apology for the fact that our primary goal is to get you compensated! With millions awarded in damages, why not call today?
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IN THE NEWS
- 28 Percent of Accidents Involve Talking or Texting on Cellphones
- Texting While Driving...a Bad Mix
- Obama Administration Works to Keep Tired Truckers Off Roads
- Mexican Buses Avoid Safety Checks When Entering U.S.
- Motor Carrier Companies Keep Unsafe Trucks on Highways
- Liability Insurance Limits for Trucking Firms Are Too Low
TRUCKING NEWS:
Liability Insurance Limits for Trucking Firms Are Too Low
There was another significant finding in the analysis of government data. Current minimum insurance requirements for truckers were found to be inadequate. According to the FMCSA, more than 4,000 people die every year in collisions with trucks and 80,000 more are seriously injured. Even though trucks make up less than 4% of all passenger vehicles on U.S. roads, they are involved in 12% of all motor vehicle fatalities.
The report concludes that the minimum insurance requirements for commercial trucks are “completely inadequate to compensate those who have been seriously injured in a collision involving multiple vehicle or multiple injured individuals.” It should be noted that Congress set the minimum level of insurance to $750,000 in 1980. When adjusted for inflation, $750,000 is only $292,000 in 1980 dollars. While large trucking companies may carry more than the required level of coverage, quite often smaller companies carry just the bare minimum. The analysis of the U.S. trucking industry found that 87% of the companies in violation of safety standards are small companies that have fleets of ten trucks or less.
Many folks don’t realize that lots of deadly accidents involving unsafe trucks are never recorded as safety violations. A 2005 Government Accountability Office (GAO) study found that nearly one-third of commercial motor vehicle crashes that states are required to report to the federal governmental were never recorded. Additionally, state crash reports were not always accurate. The analysis by the American Association For Justice follows a GAO study in July 2009 which found that more than 1,000 commercial trucking firms that were ordered out of service because of federal safety violations evaded compliance by operating under a different name, but often using the same owner, address and employees. Congress should increase the minimum insurance limits for commercial trucking companies to at least $5 million per incident.
The Nacol Law Firm knows how to prepare a successful case for you or your loved one. Attorney Michael Nacol has successfully obtained multimillion dollar verdicts and settlements on behalf of trucking accident clients. Michael Nacol at the Nacol Law Firm has a long history of successfully handling trucking accident cases on behalf of people like you. From the time you hire our firm, through settlement or trial, we will treat you like family, fight for you against negligent truck drivers and trucking companies and make sure that you and your family are treated fairly and get full compensation for your loss.
Call the Nacol Law Firm today toll-free at 888-571-9165.
