London taxi drivers face another potentially crippling insurance premium hike - News Summed Up

London taxi drivers face another potentially crippling insurance premium hike


Some London taxi drivers are working longer hours or considering leaving the business altogether after being hit with insurance premiums that have doubled in some cases. Over his 21-year career as a London taxi driver, Radovan Millinkovic said he's never had an accident or a ticket, yet his rates have risen more than $5,000 over the last couple of years. He drives for Yellow Taxi, a company whose fleet has severely depleted since the latest round of insurance hikes came through. 24 Yellow Taxi drivers wanted to quit due to increased insurance costsOne city councillor said there should be a public campaign to get the word out about accessible taxis. "By the end of October, everyone should renew their business licenses and their taxi licenses and everything."


Source: CBC News October 16, 2020 09:00 UTC



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