Ottawa taxi companies facing insurance squeeze as rates skyrocket
Insurers say gradual exit from the market due to lack of profitability, not COVID-19 by Peter Hum SHARE STORY Marc André Way, president of Coventry Connections, Ottawa's largest taxi company, says insurance rates are skyrocketing for his drivers and fleet. Julie Oliver / Postmedia Ottawa’s top taxi companies are bracing for hefty insurance hikes later this year, even as the pandemic has decimated the business and reduced risk. “Our renewal is going to increase 30 to 35 per cent, in an era where there’s less work, less traffic, less accidents, less risk,” ...
Source: driving.ca
