Cab drivers call on Labor to take urgent measures to curb insurance price hikes - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
February 7, 2025 Newswires
Share
Share
Tweet
Email

Cab drivers call on Labor to take urgent measures to curb insurance price hikes

CE Noticias Financieras

Cab drivers continue to press to stop the price increases of the policies that cover their activity, which they consider abusive and unjustified. This group of workers and this Friday their representatives - the president of Antaxi, Julio Sanz; the president of the Taxi Confederation of Valencia, Fernando del Molino, and other representatives of the National Taxi Association - have met with the Minister of Labor, Yolanda Diaz, to demand urgent measures to curb "the practices of insurers that threaten the continuity of this public service".

As Sanz denounced during the protests last January, there are cab drivers who have to face policies or renewals of "more than 7,000 euros a year", while other professionals raised these prices, in statements to Efe, up to 14,000 euros, which endangers the continuity of this profession, they warned.

After the meeting this Friday, Diaz denounced that "what they are suffering in the sector is a kind of unequal and unfair negotiation by the insurance companies". In addition, the minister assured that from the Government they are going to "demand some considerations from the insurance companies, the first of them the principle of transparency".

"We want to continue to maintain a quality public service and in this situation we are asking the Administration for protection, which has the tools to limit disproportionate increases in policies, provide transparency to these disproportionate premiums and discriminate between sectors so that each one pays for the claims it causes," said the president of Antaxi, who was grateful for the commitment shown by Díaz.

The continuity of this public service of general interest goes through putting an end to this situation that, in the words of Sanz, is "critical", especially in rural areas and for those professionals who operate with Eurotaxis. "It gives us the impression that we are paying for the broken dishes of other modes of transport because the accident rate of the cab remains stable and there is no element that now justifies this disproportionate increase in fees," explained Sanz.

During the meeting, there was also time to discuss other issues of great relevance for professionals in the sector, such as early retirement for professional cab drivers. For Diaz, this is a profession that has "features of hardship and other features that would deserve their own attention in terms of early retirement".

Older

Can DOGE access your personal information?

Newer

Women seek $1M in rejected insurance claims Continuity agreement in question during fees dispute between United HealthCare and OB-GYN practice.

Advisor News

  • Estate planning during the great wealth transfer
  • Main Street families need trusted financial guidance to navigate the new Trump Accounts
  • Are the holidays a good time to have a long-term care conversation?
  • Gen X unsure whether they can catch up with retirement saving
  • Bill that could expand access to annuities headed to the House
More Advisor News

Annuity News

  • Insurance Compact warns NAIC some annuity designs ‘quite complicated’
  • MONTGOMERY COUNTY MAN SENTENCED TO FEDERAL PRISON FOR DEFRAUDING ELDERLY VICTIMS OF HUNDREDS OF THOUSANDS OF DOLLARS
  • New York Life continues to close in on Athene; annuity sales up 50%
  • Hildene Capital Management Announces Purchase Agreement to Acquire Annuity Provider SILAC
  • Removing barriers to annuity adoption in 2026
More Annuity News

Health/Employee Benefits News

  • Letters: Health care coverage shouldn’t just focus only on Obamacare recipients
  • Louisiana yanks a Medicaid contract, pushing 330,000 people to other plans
  • With Congress stalled on ACA subsidies, Nebraska Farm Bureau rolls out its own health plan
  • Health plan approved drug lists more complex, challenging consumers
  • Costs for employer-based health insurance outpaces inflation
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Jackson Awards $730,000 in Grants to Nonprofits Across Lansing, Nashville and Chicago
  • AM Best Affirms Credit Ratings of Lonpac Insurance Bhd
  • Reinsurance Group of America Names Ryan Krueger Senior Vice President, Investor Relations
  • iA Financial Group Partners with Empathy to Deliver Comprehensive Bereavement Support to Canadians
  • Roeland Tobin Bell
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • Insuraviews Closes New Funding Round Led by Idea Fund to Scale Market Intelligence Platform
  • ePIC University: Empowering Advisors to Integrate Estate Planning Into Their Practice With Confidence
  • Altara Wealth Launches as $1B+ Independent Advisory Enterprise
  • A Heartfelt Letter to the Independent Advisor Community
  • 3 Mark Financial Celebrates 40 Years of Partnerships and Purpose
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet