Deadly Bus Crash Puts Spotlight on Insurance Minimums
Oct. 27, 2016
By Melanie Zanona
The Hill reports on the scrutiny of the industry's insurance minimums after deadly California bus crash. ABA President & CEO Peter Pantuso weighed in on raising the minimum rate and the potential affect on the industry. "You would lose a lot of companies in the industry, that would make the decision, 'I can't afford to pay it'" if the minimums are raised, said Pantuso of ABA. "There are a lot of people in the industry that would suggest that it's good business practice to have a higher level than $5 million, but they believe it should be up to the company."