Skyrocketing insurances rates are putting many Hamilton taxi drivers out of business.
The city’s planning committee is extending them some immediate help, agreeing to increase the taxi start rate from $3.20 to $3.90.
Councillor Chad Collins adds that the rate will be looked at again when a consultant’s review of the taxi industry is completed, likely early next year.
Councillor Jason Farr calls it another example of the city “picking up the slack” for an area of provincial responsibility.
The planning committee has heard that 15-to-20 Blue Line cab drivers have simply turned in their plates this year, unable to pay for soaring rates.
George McCarter of Pearson Dunn Insurance notes that Hamilton cab drivers are lumped in with counterparts in Toronto within the insurance rate structure. in some cases, they are paying 10 grand per year if they have a clean driving record, 18 thousand if they don’t.