PCI Commends Florida House Transportation & Infrastructure Subcommittee for Passing Critical Legislation Closing Insurance Gaps

Tallahassee, Fla. The Property Casualty Insurers Association of America (PCI) today applauded the Florida House Transportation and Infrastructure Subcommittee for voting in favor of House Bill 221 by Representative Chris Sprowls relating to Transportation Network Companies (TNC). The following statement can be attributed to Logan McFaddin, PCI’s regional manager for State Government Relations.  

“The Florida House Transportation and Infrastructure Subcommittee today did the right thing for consumers by passing House Bill 221, which requires TNC drivers to have adequate insurance coverage from the time the rideshare app is turned on until the app is turned off, out of its committee with an overwhelming supportive vote count. 

“Many rideshare drivers operate under their personal auto insurance policy, which will not cover them if they are in an accident while using their vehicle for hire. HB 221 brings much-needed clarity and consistency to insurance coverage requirements for TNC drivers in Florida and strikes the right balance between protecting consumers and supporting innovation.

“HB 221 is similar to model legislation that was agreed upon by the insurance industry and TNCs two years ago, and passed in 43 states. The model legislation is meant to ensure that whenever a TNC driver is in an accident, there is certainty regarding who is responsible for the insurance coverage so that medical claims are paid in a timely manner, vehicles are fixed and all parties can quickly move on with their lives. PCI thanks Representative Sprowls for his leadership on this issue, and we encourage lawmakers to support this critical legislation.”

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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 $183 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, 27 percent of the homeowners market, 32 percent of the commercial property and liability market and 34 percent of the private workers compensation market.

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