The rate of truck crashes and fatalities has more than doubled over the last 10 years.The minimum levels of insurance were set in 1980, have not changed in 41 years, and are now completely inadequate.Trucking insurance is decreasing in cost and makes up only around 4% of operating costs.Raising...

This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no-fault liability laws on driver behavior and traffic fatalities. We analyze a panel of 50 U.S. states and the District of Columbia from 1970-1998, a period in which many states adopted...