American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • June 26, 2015
  • South Carolina Governor Signs Rideshare Legislation into Law
  • COLUMBIA, S.C. - The South Carolina Governor Nikki Haley signed HB 3525 this week, which implements a common sense approach to regulating transportation companies, protecting the safety of rideshare drivers and the public while allowing for innovation, according to the Property Casualty Insurers Association of America (PCI).

    “This legislation, crafted by the Legislature and signed by the governor is designed to make sure the people of South Carolina are protected in a variety of ways including by closing the insurance gaps that existed for rideshare drivers,” said Oyango Snell, PCI’s Regional Manager. “Closing the insurance gaps the entire time a rideshare driver is involved in rideshare activities was our top priority and this new law will ensure the public is protected with appropriate insurance coverage. The insurance language in this bill brings clarity and consistency to rideshare insurance laws and enhances consumer choice and protections. We commend the legislature and Governor Haley for all of their hard work over the past several months to help reach this goal.”

    Since rideshare companies first entered the South Carolina market last year, there has been great progress made to ensure the public is protected with appropriate insurance coverage. South Carolina is the latest state to enact legislation addressing the insurance issues. Currently 24 states and the District of Columbia have enacted this type of 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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