Uber issued the following press release concerning insurance coverage for transportation network company drivers that is in the "Uber bill":
Insurance
companies worked with TNC companies to develop the insurance portion of
the legislation. National insurance associations support
this legislation and the included insurance provisions. Below is an
Uber press release with the insurance companies and associations in
support named.
Today,
we’re proud to share a TNC Insurance Compromise Model Bill that has
been developed by some of the leading auto insurance companies and
Transportation Network Companies (TNCs) and helps set consistent and
modern insurance regulation for TNC services. Transportation network
services have proven popular with consumers, and the traveling public
will benefit from the addition of innovative, affordable
and safe transportation options. The undersigned auto insurance
carriers, Transportation Network Companies, and trade associations stand
together in support of this insurance legislation, and encourage you to
utilize this language to address TNC insurance
issues in your state. The key elements of the TNC Insurance Compromise Model Bill include:
·
An
insurance mandate of primary insurance coverage during Period 1 (logged
in and available) with minimum liability limits of $50/$100/$25K plus
any other
state compulsory coverage. Coverage is to be maintained by the TNC, TNC
Driver, or a combination of the two.
·
An
insurance mandate of primary insurance coverage during Periods 2 and 3
(en route to pick up and carrying passengers) with minimum liability
limits of
$1,000,000 plus any other compulsory coverage mandated of limos to be
satisfied by the TNC, TNC Driver, or a combination of the two.
·
Proof of TNC insurance to be carried by TNC Drivers.
·
Mandatory claim investigation cooperation between auto insurers and TNCs.
·
Express authorization of surplus lines insurance.
The
undersigned companies and associations agree that the TNC Insurance
Compromise Model Bill strikes the right balance between encouraging
innovative transportation options and creating
a strong regulatory framework that protects consumers, respects
contracts and ensures proper auto insurance coverage.
Allstate
American Insurance Association
Farmers Insurance
Lyft
National Association of Mutual Insurance Companies
Property Casualty Insurers Association of America
State Farm
Uber Technologies
USAA
10 comments:
PER RIDE being the operative language. If an Uber driver is running 65 in a 30 to get back closer to the fare action and hits a kid, the lower limits apply. Then sit back and watch as Allstate and Uber duke it out over who is not going to pay.
6:09 - Exactly zero people are going to stop using Uber because of that.
6:09- do you realize about 30% of all drivers in MS are uninsured,and the minimum 25/50 is what most of the insured carry? It must get lonely hiding in your tin foil tent all day (h/t amazon prime)
Until someone gets screwed and it makes the TV News.
@6:09 in that scenario, the driver's personal coverage applies, JUST LIKE EVERYONE ELSE'S DOES WHEN THEY ARE DRIVING AROUND. If you want to complain about something, complain about how minimum limits for auto insurance in MS are too low.
UBER is our first nation-wide taxi company; hence all the press coverage. So bad for them that the Kalamazoo killer was one of their drivers but we must realize that we never hear about the lone looney cab driver who commits a crime. Having used UBER, I was generally pleased.
All the lone-loonies aren't driving cabs. See post immediately above ^^^^.
Uber is the best thing for tourism in the city of Jackson. No one should have to sit on an exposed spring in the backseat of a ghetto cab as a first impression upon arriving at the airport
How many of the people trash talking Uber on here are cab drivers or their families? I'd guess somewhere around all of them.
Any sane person who has used both a taxi and Uber in Jackson knows which one they will use in the future. It isn't even close. Hopefully the "taxis" (which don't even deserve to be called that) will be out of business soon as we won't have to hear all their complaining about how the free market kicked their asses.
There's always going to be a market for the typical Taxi in Jackson. Airport travellers will always use Uber--grandma down on Terry Road not so much...
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