Industry Issues | Transportation Network Companies

Transportation Network Companies

Wyoming Becomes Latest State to Close the Insurance Gaps for TNC Drivers
PCI Advocates for Insurance Protections across the Nation

RideShare

Wyoming Gov. Matt Mead recently signed HB 80 which closes the insurance coverage gaps associated with transportation network companies (TNC) such as Uber and Lyft and allows these businesses to operate legally in the state. Wyoming becomes the 45th state to enact TNC legislation. As of March 6, 2017, TNC legislation is pending in Alaska, Connecticut, Florida, New York, 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.

Latest News | View all

Logan McFaddin, state government relations regional manager for the Property Casualty Insurers Association of America ...

The Property Casualty Insurers Association of America (PCI) today applauded the Florida House Transportation and ...

Logan McFaddin, state government relations regional manager for the Property Casualty Insurers Association of America ...

Today, Governor Jack Markell signed SB 262 legislation that will protect the public by establishing ...

Oyango Snell, state government relations counsel, for the Property Casualty Insurers Association of America (PCI), ...