PCI Commends North Carolina Legislature for Addressing Rideshare Insurance Gaps

RALEIGH - The Property Casualty Insurers Association of America (PCI) commends the North Carolina Legislature for passing Senate Bill 541, which takes a common sense approach to protecting public safety by requiring rideshare drivers to have adequate insurance coverage whenever they are working for a transportation network company such as Uber or Lyft.

“PCI testified in support of this bill because it protects not only drivers, but their passengers and the public by closing the insurance coverage gap that existed, said Oyango Snell, PCI’s regional manager. “This legislation which passed the legislature with overwhelming support requires rideshare drives have appropriate insurance from the time the drivers log on to the app until it’s turned off.”

The bill eliminates consumer confusion regarding insurance coverage and provides a framework for safe transportation options that support continued marketplace innovation. Across the country a total of 27 states have passed similar rideshare legislation.

“SB 541 addresses consumers concerns and helps bring clarity and consistency to rideshare insurance laws. It ensures the drivers, passengers, and the public are protected if an accident were to occur,” added Snell.

The bill will now head to Governor Pat McCrory. 

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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.

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PCI commends North Carolina Legislature for passing Senate Bill 541, which protects the public
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PCI supports SB 541 because it's a commonsense approach to addressing rideshare insurance gaps.
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PCI testified in support of this bill because it protects not only drivers, but their passengers and the public
Oyango Snell, PCI’s regional manager
SB 541 addresses consumers concerns and helps bring clarity and consistency to rideshare insurance laws
Oyango Snell, PCI’s regional manager