Some doubt ride-sharing has it covered liability-wise
By Mike Salinero, Tampa Tribune, Fla. | |
McClatchy-Tribune Information Services |
Insurance regulators in
The question of who is liable when an
The companies connect passengers with drivers via smartphone applications. The drivers use their personal vehicles and usually carry only their own personal auto insurance, unlike most taxi drivers, who must carry a commercial driver policy.
But regulators in
"While TNCs [transportation networking companies] may provide liability insurance, they may not provide medical payments coverage, comprehensive, collision, uninsured and underinsured motorist coverage, or other types of coverage to fully protect TNC drivers and passengers,"
Representatives of
In March,
The new policy for
"
? ? ?
The pre-pickup gap came to light after a
After the accident,
The girl's family has filed a wrongful-death suit against
The
Since the first of the year,
--Up to
--Up to
--Liability coverage for the
Whether an
Any personal driver insurance policy excludes coverage if a driver is charging passengers money for the trip, said
Madiedo said that's one reason
"Personal auto insurance is not intended to cover people who are using their vehicle for commercial purposes," said Madiedo, whose company specializes in covering public transportation vehicles.
He also questioned the value of
? ? ?
The policy is issued by
James River is a "fine company," Madiedo said, but it is not "licensed and admitted" to practice in
Licensed companies are regulated by the
"We are looking at solvency of companies -- if they have enough surplus to pay out claims," Bogner said. "And we're looking at rates and forms to make sure they don't have inadequate rates and that they're not discriminatory and their rates are fair."
Surplus lines companies are not members of the
Holt, the
"Rasier does not contract with
"Rasier doesn't do anything; it has no drivers," he added. "It's a ring around the rosie."
Lyft, the other ride-sharing company now doing business in the
Lyft and
"We've been working with the leaders of the insurance industry," said Lyft spokeswoman
(813) 259-8303
___
(c)2014 the Tampa Tribune (Tampa, Fla.)
Visit the Tampa Tribune (Tampa, Fla.) at www.tampatrib.com
Distributed by MCT Information Services
Wordcount: | 993 |
Pasco district in need of more bus drivers
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News