transportation network companies (TNCs) News

Chicago Rideshare Law Requires $1M Commercial Auto, $1M CGL Cover

Illinois Gov. Pat Quinn’s veto of legislation that would have implemented statewide regulation of commercial rideshare organizations, or Transportation Network Companies (TNCs), put the spotlight on the Chicago rideshare ordinance that was passed by the city council in late May. …

Illinois Rideshare Bills Vetoed; Insurance Groups Urge Override

Illinois Gov. Pat Quinn has vetoed legislation that would have imposed statewide regulations on commercial ridesharing companies, also known as transportation network companies (TNCs). Quinn said he vetoed House Bill 4075, also known as the “Uber bill,” because it would …

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 …

Ban Against Lyft Ride Sharing Service Extended in St. Louis

A St. Louis, Mo., judge extended a temporary restraining order that bans the ride-sharing service Lyft from operating in the city or St. Louis County. St. Louis Circuit Judge Joan Moriarty said this week that Lyft cannot operate until a …

Ridesharing Service Uber Expanding Into Courier Business

App-based ride company Uber will start delivering on its promise of expanding its business into logistics on Tuesday when it launches a trial courier service, Uber Rush, in Manhattan. “Better, faster, cheaper,” is how Uber’s general manager in New York, …

Insurers to Illinois Lawmakers: Regulate Commercial Rideshare Insurance Coverage

Two of the nation’s largest property/casualty insurer trade associations have weighed in with Illinois lawmakers on the subject of insurance coverage for commercial rideshare companies, saying such companies should be regulated in the same manner as other “for hire” auto …