Insurance news of hikes to minimums expected by taxi commission

Taxi insurance news

The St. Louis Metropolitan Taxicab Commission predicts that the raise will be a sizeable one. A new statement that was released in a letter from the St. Louis Metropolitan Taxicab Commission has revealed the insurance news that they anticipate a rise in the minimum allowable coverage to “significantly increase.” The regulation change follows an accident in which the Techli CEO was badly injured, said the commission. The CEO of Techli, Edward Domain, was involved in an accident and was very hurt. Now, the insurance news that is resulting looks as…

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Insurance company goes under and leaves Pennsylvania taxi business uninsured

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Some cabs in Harrisburg have now had their service suspended when they suddenly lost coverage. Pennsylvania commuters and tourists might find it just a little bit harder to get a cab, over the next while, as the operations of sixty six taxi and limo services were suspended by the Pennsylvania Public Utility Commission (PUC) when their insurance company could no longer provide coverage. It turns out that their insurance provider is now destined to be liquidated and is no longer capable of paying future claims. The commission’s press secretary, Jennifer…

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Taxi driver disability insurance lacking among many New York fleets

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Despite the fact that the coverage is required, many companies have not been complying with that rule. According to the New York Workers’ Compensation Board, the law in the state says that taxi driver disability insurance coverage must be provided to fleets for employees who suffer injuries while off duty, or illnesses. However, many of the fleets in the state have failed to provide their workers with that coverage. The lack of taxi driver disability insurance has meant that when employees of these companies suffer from medical issues that are…

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Auto insurance compliance from Yellow Cab failing to prove itself

taxi auto insurance

Officials from the city of Dallas have yet to be fully convinced that the taxi company’s coverage is adequate. Though Yellow Cab Company in Dallas has been making the effort requested of it to show that its taxis have adequate auto insurance coverage in order to comply with the city’s requirements, it has – as of the writing of this article – been unsuccessful. This insurance news is according to a recent update from the city attorney’s office. Yellow Cab’s parent company was asked to submit the documentation regarding its…

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Auto insurance rule compliance for Yellow Cab in Dallas expedited

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The city is now accelerating their demands that the taxi company meet the regulations. Following the discovery that Yellow Cab had not actually been following the Dallas auto insurance rules for taxi companies, a spokesperson for the city has announced that they are expediting the process to ensure that this business complies with the regulations for operation. The problem arose when it was discovered that Yellow Cab has been self-insuring, which is against Dallas law. Critics have suggested that Dallas has been deliberately been looking a blind eye to this…

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Auto insurance requirements may not have been met by Yellow Cab

taxi auto insurance

The city of Dallas’ requirements for coverage may have been violated by this and other taxi companies. According to public records, taxi companies owned by Irving Holdings Inc., which include the giant and well recognized Yellow Cab, appear to have auto insurance policies that include a “self-insured retention” which makes the payment on claims of up to $250,000. However, the law in the city of Dallas was changed back in 1996, and the taxi company may not have conformed. In 1996, the city law was altered to include a requirement…

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