sharing economy News

Liberty Mutual’s Venture Capital Unit Backs Car-Sharing Startup

Liberty Mutual’s venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual Strategic Ventures, said he sees solid business opportunities within Turo’s concept. …

Dreams Come True with Hagerty Insurance-Backed Classic Car Sharing Service

Many Americans dream of driving fabulous, unique, vintage cars. The vast majority of Americans never get to actually do it. Sure, we see them around—I live in Brooklyn and I don’t own a car, but as I walk around my …

Is Colorado’s Pet Sitting Law Another Insurance Quagmire Waiting to Unfold?

If it barks like a dog… A new Colorado law that enables people to sit up to three pets without needing a license looks pretty much like just another piece of the growing gig economy. People can sell their services …

Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020

A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their agency over the next few years. …

Uber Faces Biggest Challenge to European Plans in Region’s Top Court

Uber faces the biggest challenge yet to its European roll-out after the region’s top court was advised to rule that the U.S. ride-hailing firm is actually a transport service not an app. Although the opinion of the Court of Justice …

Insurtech Slice Now Offering Homeshare Insurance in California

Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California. The California Department of Insurance said that the surplus lines broker is coming into the market …

Underwriting Questions in the Sharing Economy

Here at Insurance Journal’s Academy of Insurance, the idea of the sharing economy has been a front burner item lately. This week’s webinar is the third (and last) this year on the subject and the second in three weeks. You …

Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report

Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz Global Corporate & Specialty …

Airbnb Sues City of Miami, Alleges Violation of Hosts’ First Amendment Rights

The homesharing platform Airbnb is suing the city of Miami, where officials threatened to crack down on hosts who publicly protested regulations prohibiting short-term rentals. According to the lawsuit filed Friday in Miami-Dade County by Airbnb and five individual hosts, …

Slice Labs Testing Pay-Per-Use Insurance App with Rideshare Drivers

Insurance tech startup Slice Labs has created a pay-per-use rideshare insurance app and is now testing the technology with a select set of rideshare drivers. Plans call for testing the technology and algorithms with a group of 50 people “in …