The Federal Motor Carrier Safety Administration (FMCSA) is considering a petition from the Government of Canada and the Property Casualty Insurers of America to eliminate the need for Canadian insurance companies to link with a U.S. insurance company to insure Canadian carriers that operate in the U.S.
Canada believes that FMCSA’s current motor carrier financial responsibility policies place Canada-domiciled carriers operating in the U.S. at a competitive disadvantage.
“Achieving a seamless motor vehicle liability insurance policy between Canada and the United States for motor carriers would contribute to enhancing the competitive and efficient position of North American business,” FMCSA stated today in the Federal Register. “FMCSA recognizes the importance of considering these requests.”
