Close X
Sunday, November 10, 2024
ADVT 
National

Taxi Industry To Benefit From Distance-based Insurance Product

06 Mar, 2020 06:19 PM

    Regulatory changes introduced on March 5, 2020, by the provincial government will direct ICBC to offer a new insurance product for the taxi industry.


    “We have been listening to the industry and to drivers, and we heard that offering a distance-based insurance product would help keep costs down for part-time drivers,” said Claire Trevena, Minister of Transportation and Infrastructure. “Our government will continue to look at ways to ensure fairness for the taxi and ride-hail industries.”


    These amendments will enable ICBC to offer a new, distance-based product to fleet and non-fleet taxis starting May 1, 2020. The insurance product will be based on the per-kilometre distance travelled, similar to ride-hailing vehicles.


    Taxi operators who are interested in this new product will be able to switch their insurance over starting May 1. Operators who wish to keep their current form of coverage will not be affected.


    The Ministry of Transportation and Infrastructure is also talking with representatives from the taxi industry and other stakeholders to determine how to ensure funds collected from the 30-cent fee charged for each trip taken in a non-wheelchair-accessible ride-hailing vehicle will help support wheelchair-accessible vehicles on the road and other accessibility options.

    MORE National ARTICLES

    All Eyes On Wet'suwet'en Chiefs' Meeting With Federal, Provincial Ministers

    SMITHERS, B.C. - The hereditary chiefs of the Wet'suwet'en First Nation prepared to sit down with senior government ministers on Thursday after two of its longstanding conditions were met for the duration of the scheduled talks.    

    All Eyes On Wet'suwet'en Chiefs' Meeting With Federal, Provincial Ministers

    Surrey RCMP Looking To Identify Fleetwood Robbery Suspect

    Surrey RCMP is requesting assistance from the public to help identify a suspect in a robbery which occurred at a bank in the Fleetwood area.

    Surrey RCMP Looking To Identify Fleetwood Robbery Suspect

    Body Of Girl Found By Road In Quebec

    Body Of Girl Found By Road In Quebec
    Quebec provincial police are investigating after the body of a teenaged girl was found by the side of a road in Quebec's Laurentians region.

    Body Of Girl Found By Road In Quebec

    False Nuclear Alarm In Ontario Was Due To Human Error, Investigation Finds

    A false alarm about an incident at the Pickering Nuclear Generating Station last month was the result of human error, but a delay in sending an all clear was due to several systemic issues, a report found Thursday.

    False Nuclear Alarm In Ontario Was Due To Human Error, Investigation Finds

    Chinatowns Across Canada Report Drop In Business Due To New Coronavirus Fears

    Chinatowns Across Canada Report Drop In Business Due To New Coronavirus Fears
    Most of Calgary's city councillors had lunch at a restaurant in Chinatown this week to try to help reduce fears about the new coronavirus.    

    Chinatowns Across Canada Report Drop In Business Due To New Coronavirus Fears

    Federal Government In Good Financial Shape, Provinces Not So Much: PBO

    OTTAWA - Parliament's budget watchdog says the federal government has room to increase spending and still remain financially sustainable over the long run, though the same can't be said for many provinces.    

    Federal Government In Good Financial Shape, Provinces Not So Much: PBO