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- PCI Supports Georgia House Bill 190; Providing Insurance Coverage for Transportation Network Companies
- ATLANTA—Logan McFaddin, state government relations counsel for the Property Casualty Insurers Association of America (PCI), issued the following statement in response to HB 190 in Georgia intended to provide proper insurance coverage for Transportation Network Companies operating in the state.
“PCI is supportive of innovation and competitive markets, however, drivers, passengers, and pedestrians need to be aware that there are gaps in the transportation network companies’ insurance coverage that could potentially put the public at risk. While this technology is impressive, it also presents major challenges for policymakers and insurers who have a vested interest in protecting the public, and House Bill 190 provides that coverage.
PCI hopes to continue the conversation with all interested parties to allow for innovation and consumer protections in Georgia.”
- 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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