Under the Graves Amendment, car rental operators have the right to subrogate on liability payments caused by your renters. Are you exercising this right to lower your loss runs?
More than 10 years after its enactment, we have answers regarding the interpretation of the Graves Amendment and a blueprint to use it to limit liability.
During its panel at the Car Rental Show, the American Car Rental Association board worked through recall legislation, threats to vicarious liability reform and what’s next with no-show fees (let’s start calling them guaranteed reservations).
Bob Barton, president of the American Car Rental Association, asks the car rental industry for discipline, consensus and cooperation on the things that, if implemented, will benefit the industry as a whole.
Faulkner brings more than 35 years of experience in car rental, as a corporate area manager, franchisee, independent RAC owner and legislative advocate.
Are increases in negligent entrustment lawsuits a result of injured plaintiffs blocked by the Graves Amendment?
A proposed amendment to the Motor Vehicle Safety Act of 2010 would overturn existing law preventing vicarious liability of renting and leasing companies. Industry associations claimed a small victory this week—but it may not be over.
The legislation that eliminated vicarious liability of owners of rented or leased vehicles has held up in most decisions. However, its constitutionality is being challenged in cases in New York and Florida.
Not clear on what the new legislation covers? Here's one attorney's analysis of how the highway bill's Graves amendment will impact the vehicle rental industry.
The battle to repeal or limit vicarious liability is still being waged in New York and Connecticut at the state level, but federal reform efforts may hold the most promise.