American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • May 4, 2016
  • Insurers Commend Alabama Legislature for Closing the Rideshare Insurance Gap
  • MONTGOMERY, Ala.- Logan McFaddin, state government relations regional manager for the Property Casualty Insurers Association of America (PCI), issued the following statement after Alabama Legislature passes rideshare law closing the insurance gap.

    “Over the past several months, transportation network companies (TNCs) such as Uber have experienced tremendous growth in Alabama as they operate in several cities across the state including Birmingham, Mobile and Montgomery. 

    “However, SB 262 was needed to strike the right balance in protecting the public, closing the insurance coverage gaps and allowing for an increase in entrepreneurial activity.  This bill ensures that the TNC driver who picks you up and drives you across town is properly insured, so that you and the public are not at risk if an accident were to occur.

    "PCI commends Senator Shelnutt and Representative Faulkner for their great work and attention to this issue. SB 262 requires rideshare drivers to have the necessary insurance coverage from the time they log in to the app to the time they log out, which is a critical component to effectively protecting consumers and drivers."

    Once Governor Bentley signs SB 262 into law, Alabama will be the 34th state to pass similar rideshare legislation.

  • 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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