American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • May 6, 2015
  • Georgia Governor Deal Signs Rideshare Legislation
  • ATLANTA – Recognizing the importance of providing protections for commercial rideshare drivers, passengers and the public, the Georgia Legislature and Governor Deal enacted HB 190 today, which closes the insurance coverage gaps associated with ridesharing, according to the Property Casualty Insurers Association of America (PCI).

    “PCI commends both the Legislature and Governor for passing and signing HB 190, which contains a common sense approach to regulating transportation network companies such as Uber and Lyft by requiring their drivers have appropriate insurance coverage from the time the ridesharing app is turned on, until it’s turned off,” said Logan McFaddin, southeast regional manager for PCI. “The insurance language in the bill brings clarity and consistency to rideshare insurance laws. Our top priority was to enhance consumer safety and ensure that there were adequate protections in place for everyone involved in this activity.”

    Last month, Georgia became one of the first states to pass legislation that included model language addressing insurance requirements agreed upon by the insurance industry and several transportation network companies.

    “House Bill 190 not only allows for innovation with transportation options, but it will also allow insurers to develop products to accommodate this new business model,” said McFaddin. “In fact, several companies have already started writing endorsements and hybrid polices. The approach to insurance issues in Georgia is helping to set the pace for states across the country.”
  • 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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