This article shines a light on the issue of chameleon carriers, which are companies that have gone out of business and the owners have started up a new business under another name. These carriers are able to exist because the minimum insurance requirement is so low that insurance companies do not do any underwriting at that level. These companies also typically have minimal owned assets, and lease their terminals/equipment or otherwise leverage their operations. Even if an injured person obtains a legal judgment in excess of the low insurance limits, these carriers just reincarnate once again. TSC will continue to advocate for an increased enforcement in pursuing these rogue companies and for an increase in the minimum insurance for motor carriers, which will help prevent these reckless companies from being allowed back on our roads.
The Truck Safety Coalition Team