Cargo Claims Adjustment Act

Cargo Claims Adjustment Act - Provides, under the Interstate Commerce Act and the Harter Act, that a claim by a shipper for damages to cargo by a carrier may include a claim for the recovery of attorney's fees unless the carrier and shipper agree, in advance, to utilize a final claims-settling procedure created by the Interstate Commerce Commission or operated by the carrier with the approval of the Commission. Sets forth the standards for such claims-settling procedure.

Authorizes the Commission to require and regulate surety bonds, insurance policies, or similar devices from regulated carriers to insure that all just claims can be paid.