Uber drivers to be covered under ride-hailing insurance plan in Alberta

By The Canadian Press
June 29, 2016 - 10:09am

EDMONTON - Uber Canada says Alberta's new insurance policy for ride-hailing companies is a key step toward it resuming service in the province.

Intact Financial Corp. (TSX;IFC) says it will begin offering coverage for Uber drivers in Alberta on Friday.

Uber says it has not set a date for a possible relaunch in the province.

Uber suspended its operations in Edmonton and Calgary in the last year as the province and municipalities wrangled with the company over how to regulate the industry.

Alberta announced a new insurance policy on Tuesday for ride-hailing companies that requires them to provide up to $2 million in third-party liability insurance, with optional collision or comprehensive coverage.

Both companies say they will work with regulators in Ontario and Quebec to provide similar insurance coverage later this year.

(The Canadian Press) 

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