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- Wisconsin Sends TNC Legislation to Governor; AB 143 Contains Insurance Provisions that Protect the Public
The Wisconsin Legislature yesterday passed AB 143, which contains the recent insurance industry/transportation network company (TNC) compromise establishing TNC insurance requirements from the time the app is turned on until it is turned off.
“The insurance requirements in AB 143 are designed to eliminate consumer confusion, provide a statewide framework for safe transportation options and support continued marketplace innovation” said Jeffrey Junkas, assistant vice president state government relations for the Property Casualty Insurers Association of America (PCI). “The legislation will now be sent to Gov. Scott Walker and PCI is urging him to sign the bill.
Wisconsin joins several states advancing the compromise insurance language that address the insurance gaps that could impact TNC drivers, passengers and the public. Since the compromise was announced in March legislation with the agreed upon approach has been enacted in Arizona and Arkansas and bills have been sent to governors in Idaho, Georgia, North Dakota and Washington.
- 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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