ridesharing News

Getting a Grip on Ridesharing Coverage

Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and start-up ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced …

Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State

The highly thought-of share-and-share-alike attitude considered a virtue by some has become fighting words between ridesharing companies and the insurance industry. “We try not to make it a battle,” said Robert Passmore, senior director of personal lines for the Property …

Uber Faces Operational Setback in New Mexico

New Mexico regulators have denied a temporary operating permit for ridesharing company Uber. The Albuquerque Journal reported that the Public Regulation Commission voted 3-2 on Wednesday to withhold the permit from Uber Technologies. Commissioners say they could not grant the …

Ridesharing Insurance Legislation Advances In California

A bill that would impose insurance requirements on ridesharing companies in California passed a state Senate committee 9-1 on Wednesday, although with somewhat lower costs to the industry than previously written into the bill. Companies such as Lyft, Sidecar and …

Ridesharing Bill Cruising Through California Legislature

A bill to more thoroughly regulate insurance requirements for ridesharing companies is successfully wending its way through California Legislature as insurance associations and representatives for companies like Uber and Lyft try and hash out an uncertain middle ground. The Senate …

California Commissioner Likes Proposed Rideshare Regulations

California Insurance Commissioner Dave Jones on Thursday gave a thumbs up to regulations proposed by California Public Utility Commission President Michael Peevey, which seeks broader commercial insurance coverage for drivers who use  smartphone ridesharing apps from operators like Uber, Lyft …

California Regulators Want Insurers to Speed Up Ridesharing Policies

The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer to ridesharing drivers. A proposal issued by CPUC on Tuesday further defines ridesharing or transportation network companies and activities …

London Taxis Try to Cut-Off Silicon Valley’s Uber Car Service

They have been the kings of the British capital’s roads for over a century but now the often opinionated drivers of London’s iconic black taxi cabs are battling a high-technology rival that threatens their dominance. In their sights is Uber …

Individual or Corporate? Two Visions of the Sharing Economy

Google’s driverless car and Apple’s deal to buy Beats Electronics, primarily for its streaming music service, represent the latest moves in a battle between two visions of the sharing economy: One in which the goods being shared belong to the …

N.J. Insurance Commissioner Alerts Consumers on Car-Sharing Services

New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski alerted consumers to the potential loss of insurance coverage in connection with popular business activities known as car-sharing or Transportation Network Companies (TNC) provided by online firms such as Lyft, …