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A new California law is causing frustration among truckers and the insurance industry, who fear it could lead to increased costs and fewer benefits for truckers. The law, which took effect on January 1, 2020, reclassifies independent truck drivers as employees. It requires businesses to provide benefits to the drivers and pay payroll taxes—which could lead to higher premiums, as carriers will have to pay more for coverage. Both the truckers and the insurance industry are concerned about the potential impact it could have on both industries.
For the complete story, go to the Insurance Business article.