American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
    • Printer-Friendly Printer-Friendly PDF Export PDF Export

  • March 17, 2015
  • PCI Commends House Subcommittee for Addressing Insurance Gaps
  • Columbia, SC - Property Casualty Insurers Association of America (PCI) commends the South Carolina House Labor, Commerce and Industry Public Utilities Subcommittee for addressing insurance concerns in House Bill 3525. The bill passed out of subcommittee as amended this afternoon and would require drivers to have adequate insurance coverage.

    “PCI commends the subcommittee members for asking the right questions when it comes to transportation network companies such as Uber and Lyft having blurred the lines between what has traditionally been thought of as personal and commercial use of an automobile,” said Oyango Snell, PCI’s regional manager.

    While PCI supports innovation in transportation and insurance, legislative action is necessary in South Carolina to ensure that there are no insurance gaps that could potentially harm the public and TNC drivers. PCI supports amendments that would require drivers to have insurance coverage from the time the driver logs on to the app until the driver turns the app off.”

    In addition, PCI also testified against Senate Bill 409, which has minimal insurance requirements for TNC’s and could potentially put South Carolinians at risk.

    “PCI is encouraged that legislators were open to potential amendments in SB 409 that would address these concerns and make sure that TNC drivers, passengers, and the public are protected if an accident were to occur,” added Snell.

    PCI will continue to educate lawmakers and the public about the importance of addressing insurance coverage gaps in rideshare activity in order to protect the people of South Carolina.

    Oyango Snell testified at both rideshare hearings and is available for additional comments.
  • 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.
  • ###