Insurers Support Rideshare Legislation

Tallahassee, Fla. – Logan McFaddin, state government relations regional manager for the Property Casualty Insurers Association of America (PCI), today issued the following statement in response to the press conference on proposed rideshare legislation in Florida.

“We support Senator Jeff Brandes and Representative Chris Sprowls effort to push forward ridesharing legislation that protects the public and drivers, and recognizes that a single, unified approach is needed in the Sunshine State. As we begin to focus on the 2017 Legislative Session, we encourage lawmakers to work toward a cohesive and unified approach in order to protect Floridians. 

“The number of people using transportation network companies has exploded in recent years. Despite that growth, questions surrounding consumer protections and regulations, specifically regarding insurance coverage, remain.

“Many TNC drivers believe their personal auto insurance policy will cover them. However, this is almost never the case, as the majority of personal auto insurance policies exclude coverage when a vehicle is being used for hire. Should an accident occur, this exclusion could leave the driver and passengers at risk of paying medical and repair costs.

“This legislative solution helps to ensure there are safe transportation options that protect drivers, passengers and the public. 

“Model legislation has already passed in 40 states, striking the right balance between protecting consumers and supporting innovation. It’s now time for Florida to do the same.”