American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • December 2, 2015
  • PCI Commends Highway and Waterway Safety Subcommittee for Passing Rideshare Bill
  • TALLAHASSEE, Fla. - The Property Casualty Insurers Association of America applauds the House Subcommittee on Highway and Waterway Safety for today’s passage of House Bill 509, which addresses existing insurance coverage gaps with transportation network companies (TNCs) and protects consumers. The following statement is attributed to PCI’s State Government Relations Manager Logan McFaddin.

    “When it comes to protecting consumers, the House Subcommittee on Highway and Waterway Safety took a critical step in the right direction by supporting a bill that would bring clarity and consistency to insurance requirements for TNCs. PCI supports HB 509 because it would require drivers to have adequate insurance coverage while the vehicle is being used for hire.

    “Without this legislation, TNC drivers are not covered by insurance unless they have a commercial policy. The 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 in an accident while being used for commercial purposes. This leaves both drivers and passengers at risk.

    “HB 509 is similar to model legislation that was agreed upon by the insurance industry and TNCs earlier this year. The model legislation, which has been passed by 26 other states, is meant to ensure that whenever a TNC driver is in an accident there is certainty regarding who is responsible for the insurance coverage so that medical claims are paid quickly, vehicles are fixed and all parties can quickly move on with their lives.

    “PCI looks forward to continued dialogue with lawmakers to ensure the coverage gaps that leave consumers at risk are closed.” 

    Logan McFaddin is available to speak with interested media.  

  • 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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