Florida Moves Closer to Closing the Insurance Gaps for TNC Drivers
PCI Advocates for Insurance Protections across the Nation
Legislation is on the Florida governor’s desk that will close the insurance coverage gaps associated with transportation network companies (TNC) such as Uber and Lyft. Significant progress has been made this year on the issue as New Jersey, New York and Wyoming have passed TNC legislation.
Currently 45 states and the District of Columbia have enacted TNC legislation addressing insurance. As of April 20, 2017, TNC legislation is pending in Alaska, Connecticut, Oregon and Vermont.
(View our state status map)
Across the country, PCI has supported establishing rules that provide clarity regarding what insurance coverage is being provided, when it’s being provided and by whom, as well as appropriate disclosures for drivers and passengers. PCI also supports innovation that brings new products into the marketplace.
Legislative momentum for these laws was gained in the spring of 2015, when the insurance industry and the TNCs mutually supported model legislation establishing TNC insurance requirements from the time the ridesharing app is turned on until it is turned off. The TNC laws now on the books put an end to consumer confusion regarding insurance coverage, while also allowing for continued marketplace innovation. As new transportation ideas evolve to meet consumers’ needs and demands, insurers are developing new products to cover those ideas and provide peace of mind.