new york city taxi News

Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?

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 person, aligning it with the state’s requirement for all …

New York Proposes Plan to Stabilize Broken Taxi Insurance Market

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 bills would make it easier to adjust …

Uber Warns NYC Response to Insolvent Taxi Insurer Exposes Drivers

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 company’s largest markets unable to insure their vehicles. Uber …

New York City Weighs Slashing Cab Insurance 75% to $50,000 to Aid Drivers

The New York City Council will introduce legislation this week that would drastically reduce the amount of insurance coverage taxi and ride-share vehicles are required to maintain, looking to contain potential fallout from the insolvency of the city’s largest taxi …

New York’s Yellow Cab Drivers Can’t Sue City Over Uber, Lyft Impact on License Values

New York’s top state court on Thursday threw out claims by yellow cab operators that New York City diminished the value of their taxi licenses by failing to rein in app-based competitors like Uber Technologies Inc and Lyft Inc. The …