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.