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ARTICLE · 22 MARCH 2014

Rideshare Companies Hosted At CDI Hearing Regarding TNC Insurance Issues

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This afternoon (March 21, 2014), the California Department of Insurance (CDI) held a hearing, hosting rideshare programs (namely Uber, Lyft, Sidecar and Wingz) -- regulated in California as Transportation Network Companies (TNCs) -- and insurance industry representatives (from the Association of California Insurance Companies, Personal Insurance Federation of California, and the American Insurance Association).

United StatesInsurance
Dan Brown
Dan Brown
Sanford Kingsley
Sanford Kingsley
Bella Shirin
Bella Shirin
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This afternoon (March 21, 2014), the California Department of Insurance (CDI) held a hearing, hosting rideshare programs (namely Uber, Lyft, Sidecar and Wingz) -- regulated in California as Transportation Network Companies (TNCs) -- and insurance industry representatives (from the Association of California Insurance Companies, Personal Insurance Federation of California, and the American Insurance Association). The TNCs answered questions, as a panel, regarding the current insurance situation, TNCs position about insurance gaps, and what TNCs are doing to respond to insurance challenges. Insurance industry representatives, also as a panel, answered questions regarding how exclusions apply to the rideshare situation, risks faced by drivers using personal vehicles, and opportunities that exist in the new industry for insurance companies.

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