American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • FOR RELEASE ON RECEIPT
  • February 18, 2016
  • Insurers Emphasize Importance of Reasonable Insurance Requirements as Ride Share Legislation Advances
  • TALLAHASSEE, Fla. - Logan McFaddin, state government relations manager, for the Property Casualty Insurers Association of America (PCI), issued the following statement in response to the Senate Appropriations Committee passing Senate Bill 1118.

    “Transportation Network Companies (TNCs), like Uber and Lyft, have skyrocketed in popularity among consumers here in Florida, but many people do not realize there are gaps in insurance coverage. The insurance coverage concerns are significant especially if ride share drivers use their personal vehicles for this commercial activity, but only have personal auto insurance coverage. The standard personal auto insurance policy may not provide coverage if the vehicle is being used for commercial purposes and an accident were to occur.

    “PCI and our members support some elements of SB 1118 and we appreciate Senator Simmons’ efforts to address issues with insurance coverage for TNCs.

    “PCI continues to support the model legislation that was agreed upon last March between TNCs and the insurance industry and has already been approved in 29 other states. Our ultimate goal is to make sure the public is protected and ride share drivers have adequate insurance if an accident were to occur.

    “As we approach the last few weeks of session, we encourage lawmakers to arrive at a solution that has reasonable insurance requirements for TNC drivers from the time the app is turned on to the time the app is turned off.”

  • 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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