auto coverage gaps in ridesharing News

American Family Launches Coverage for Ridesharing Drivers in Colorado

American Family Insurance has introduced a new transportation network company insurance coverage in the state of Colorado, designed to meet the needs of customers who are independent contractors for transportation network companies such as Uber or Lyft. These ridesharing services, …

ISO Introduces Endorsements to Address Ridesharing Policy Gaps

ISO has introduced two new personal auto coverage options for ridesharing drivers when they’re logged in but don’t have any passengers – an issue that has been the subject of controversy among insurance companies and those outside the ridesharing community. …

Minnesota Lawmakers Expected to Debate Rideshare Insurance Gap

Minnesota lawmakers could decide whether to regulate the ride-hailing industry this year. House and Senate legislators say they plan to introduce bills soon to toughen insurance regulations for companies like Uber and Lyft. That would add Minnesota to the growing …

MetLife to Provide ‘Complete’ Rideshare Insurance for Lyft Drivers in Colorado

MetLife Auto & Home and Lyft, a nationwide transportation network company (TNC), have launched an auto insurance policy in Colorado tailored specifically for Lyft drivers that covers every stage of the trip. The growing use of ridesharing apps highlighted a …

How Uber, Tesler Are Disrupting Transportation Monopolies: Viewpoint

Question: What’s an automotive monopolist’s worst nightmare? Answer: Uber picks you up in a Tesla. Two big Silicon Valley companies are busy disrupting state-sponsored transportation monopolies. Uber is competing with locally regulated taxi companies, and Tesla wants to sell its …

Tennessee: Use of Transportation Networks Could Lead to Auto Coverage Gaps

Tennessee regulators are warning automobile policyholders that participating in transportation network companies could lead to gaps in their coverage and leave them exposed to monetary damages from an accident. Transportation network companies have become increasingly popular across the country, especially …