New York State
Insurance Department


ISSUED: 6/14/2001

FOR IMMEDIATE RELEASE

SERIO ORDERS SURECO TO REINSTATE OVER 2000 POLICIES
Livery Driver’s Insurance Protected

            Superintendent of Insurance Gregory V. Serio today announced that the Department has ordered Sureco National Insurance Company to reinstate over 2000 livery driver’s insurance policies that the company had previously non-renewed.

            "We are committed to ensuring that New York’s livery drivers, who provide a crucial service to the people of this State, have access to proper and comprehensive auto insurance coverage," said Serio. "Re-instating these policies is the first step in making certain that drivers who were covered last year and who pay their premiums remain fully covered. The Department will continue to closely monitor the situation involving the livery industry."

            Drivers who’s insurance was non-renewed by Sureco, will be reinstated at the Black Car rate and subsequently required to submit documentation to support that rate within 20 days of reinstatement.

            The Department has proactively approached concerns of all participants in livery insurance. Over five years ago, the Department established a Livery Task Force made up of members of the insurance industry, producers, livery drivers and their representatives, the Department of Motor Vehicles and the Taxi and Limousine Commission. A list of all companies licensed to write livery insurance is available on the Department’s Web site to assist drivers in finding coverage. The site address is www.ins.state.ny.us.


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