American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • March 10, 2015
  • PCI Supports Closing Insurance Gaps in Florida Ridesharing Bill
  • TALLAHASSEE, Fla.-The Property Casualty Insurers Association of America (PCI) commends the Florida House Subcommittee on Transportation and Ports for today’s discussion on insurance concerns in House Bill 817, which addresses transportation network company regulations, and we thank Representative Bill Hager for proposing an amendment that would close existing insurance gaps with transportation network companies (TNCs).

    While the amendment was withdrawn today, PCI believes the committee took a critical first step in addressing this issue by beginning to have debate and discussion on requiring TNC drivers to have adequate insurance coverage while the app is turned on.

    “PCI supports the proposed insurance amendment, which will allow UberX and Lyft to operate in Florida, but would require drivers to have appropriate insurance protections in place,” said Logan McFaddin, PCI’s state government relations counsel. “It is important that TNC drivers understand their standard personal auto policy contains a “livery” exclusion, which applies when the vehicle is being used for hire. Therefore, most personal insurance policies will not cover any damages or losses if a vehicle is being used for commercial purposes. We must close the gaps in coverage to ensure the public and the driver are protected throughout the entire time the vehicle is being used for hire.”

    As this important bill is considered in the Legislature, PCI looks forward to continued dialogue with committee members to ensure the coverage gaps that leave consumers at risk are closed.
  • 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 more than $195 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, 28 percent of the homeowners market, 33 percent of the commercial property and liability market and 35 percent of the private workers compensation market.
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