Live Insurance News

Insurance news of hikes to minimums expected by taxi commission

July 21, 2015July 18, 2015 H. Cutner

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…

Taxi driver disability insurance lacking among many New York fleets

November 27, 2013February 24, 2014 G. Turner

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…

Auto insurance rule compliance for Yellow Cab in Dallas expedited

November 19, 2013November 18, 2013 G. Turner

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…