PCI Applauds Senate Judiciary for Passing Rideshare Legislation

Tallahassee, Fla. – The following statement regarding Senate Bill 340, otherwise known as the rideshare bill, can be attributed to Property Casualty Insurers Association of America’s (PCI) regional manager Logan McFaddin.  SB 340, by Senator Jeff Brandes, was today heard in the Senate Judiciary Committee, its second committee of reference.

“PCI applauds the Senate Judiciary Committee and Senator Brandes for supporting legislation that addresses the insurance gaps when a driver is engaged in rideshare activity.  PCI and our members believe it is imperative rideshare drivers and their passengers are protected as they travel from point A to point B.

“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.

 “With model legislation already passing in 45 other states, PCI encourages Florida lawmakers to do the same for Florida and protect the public.”

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PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $216 billion in annual premium, 36 percent of the nation's property casualty insurance. Member companies write 43 percent of the U.S. automobile insurance market, 29 percent of the homeowners market, 34 percent of the commercial property and liability market and 36 percent of the private workers compensation market.