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Insurance industry officials warn that Uber drivers don't [always] have the proper accident coverage and are putting themselves and the public at risk when they get behind the wheel. That stark message, and a call for the city to regulate Uber drivers, came during what a pair of insurance officials and Councillor Jim Karygiannis called a "technical briefing" at Toronto City Hall Thursday.
They said many drivers for the controversial ride-sharing service are hiding their activity from insurers. By law, drivers must declare to their insurance company if they're driving passengers for hire so the insurer can provide the proper policy and accident coverage.
[...]
But Philomena Comerford, CEO of Baird MacGregor Insurance Brokers, said in many cases this isn't happening with Uber drivers. That means Ontario's motorists could be hit with higher premiums because of "significant and unexpected" injury claims.
"This problem comes at time when the insurance industry is working hard with the Ontario government to reduce personal consumer automobile insurance rates which do not contemplate this commercial activity," she said.
MacGregor said Uber's $5-million supplementary policy covers the company, but not the drivers themselves.
(Score: 2) by isostatic on Saturday August 01 2015, @02:23AM
I'd agree with most of your points except one. You mentioned you once had an issue getting a taxi to take you somewhere. I reckon that's about 1 in 3 times for me, regardless of the country.
By comparison I haven't had a single problem with the 30 plus uber trips I've taken in the last 3 weeks, and in the last 100+ this year I've had one trip where the car sounded like the exhaust had come loose, the rest have been perfect.