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Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?
Feb 11 2025 // The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from $200,000 to $50,000 per...
NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules
Jan 27 2025 // New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the...
New York Proposes Plan to Stabilize Broken Taxi Insurance Market
Jan 22 2025 // New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co. Two of the...
Troubled New York Taxi Insurer Sues 180 Providers in Huge No-Fault Fraud Case
Dec 17 2024 // New York’s largest taxi insurer that is facing serious financial and regulatory challenges has filed a lawsuit seeking more than $450 million against medical providers it alleges have been part of a huge fraud scheme...
New York Considers Making Property Insurers Cover Taxi Claims Losses
Dec 12 2024 // New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several...
Uber Warns NYC Response to Insolvent Taxi Insurer Exposes Drivers
Dec 11 2024 // Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the...
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