New York State’s Department of Financial Services (DFS) announced its investigation has found that the car-sharing service RelayRides put New Yorkers at risk through false advertising, unlicensed insurance activity, and other violations. Officials said RelayRides will pay a $200,000 penalty …
An association for operators of car sharing services has developed guidelines for what insurance they should make available to consumers participating in their services. The San Francisco-based CarSharing Association released a draft liability insurance guideline for round-trip carsharing operators in …
New York’s top financial and insurance regulator on Wednesday ordered the peer-to-peer car-sharing service firm RelayRides to cease and desist what the regulators called the company’s “repeated false advertising and violations of insurance law, which are putting the public at …
General Motors is joining the sharing economy. General Motors announced that its OnStar subscribers can now rent out their idle vehicles through the RelayRides car sharing service, leveraging OnStar connectivity already active in their vehicles to potentially earn money to …
