Property Casualty Insurers Association of America Property Casualty Insurers Association of America
  • Staff Contact: Brooke Kelley     
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  • FOR RELEASE ON RECEIPT
  • May 9, 2017
  • PCI Applauds Governor Scott Signing Rideshare Bill into Florida Law
  • Tallahassee, Fla. — The Property Casualty Insurers Association of America (PCI) today released the following statement attributed to its state government relations regional manager Logan McFaddin in response to Governor Rick Scott signing House Bill 221, the rideshare bill, into Florida law.

     

    “PCI applauds Governor Scott for signing House Bill 221 into Florida law today to protect rideshare drivers and passengers. This law is a commonsense approach to regulating transportation network companies that requires their drivers to have insurance coverage from the time the ride-hailing app is turned on, until it is turned off.

     

    “Many TNC drivers rely on their personal auto insurance policy to cover them not realizing that most personal auto insurance policies contain a livery exclusion, which applies when the vehicle is being used for hire.  This led to drivers and passengers being at financial risk of paying repairs and medical costs out-of-pocket if an accident were to occur, which needed to be addressed.

     

    “PCI commends the Florida Legislature and Governor Scott for protecting rideshare drivers and their passengers, while promoting innovation. Florida is now the 46th state along with the District of Columbia to pass similar rideshare legislation.”

  • PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $202 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 27 percent of the homeowners market, 33 percent of the commercial property and liability market and 34 percent of the private workers compensation market.
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