American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • January 13, 2016
  • House Economic Affairs Committee Addresses Rideshare Insurance Gaps
  • TALLAHASSEE, Fla. - The Property Casualty Insurers Association of America (PCI) applauds the Florida House Economic Affairs Committee for supporting House Bill 509 and protecting Florida consumers by recognizing there are clear insurance gaps with Transportation Network Companies (TNCs) such as Uber and Lyft. The following statement can be attributed to Logan McFaddin, PCI’s Florida State Government Relations Manager.

    “PCI supports HB 509 because it ensures rideshare drivers have adequate insurance coverage from the time the app is turned on until the app is turned off. Currently, there are 29 states that have enacted laws to protect not only their drivers, but their passengers and the public by closing the insurance gaps that left drivers vulnerable if an accident were to occur. Without this legislation, TNC drivers may not be covered by their insurance policy, unless they have commercial coverage. The standard personal policy contains a ‘livery’ exclusion, which applies when the vehicle is being used for hire. Therefore, most personal policies will not cover any damages or losses if a vehicle is an accident while being used for commercial purposes.

    The committee’s passage of HB 509 is a critical step in the right direction and PCI commends Representative Matt Gaetz for his leadership on this issue. PCI and our members are hopeful Florida lawmakers will continue to support HB 509 and we look forward to working with them throughout the 2016 Legislative Session to ensure rideshare drivers and passengers are protected.”

    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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