: MissionLocal – excerpt
Mission-based Green Cab’s 16 cabs are currently idle because they cannot find an SFMTA-approved insurance company willing to write them a policy and if they don’t find one in the next couple of weeks, the seven-year-old company could cease to exist.
“The more time passes the more difficult it is going to be,” said Mark Gruberg, one of the founders of worker-owned company. “To me it’s a bureaucratic Snafu. The situation is dire.”
Green cab’s insurance provider declined to renew its policy because the company has had two bad accidents in the past three years. Moreover, even if they do find an insurer, the SFMTA’s requirement that cab combines have a high rating may still doom its future.
Other smaller taxi companies could face the same problem in coming months as its policies are also set to expire, Gruberg said… (more)