transportation network companies (TNCs) 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, …

Driverless, Shared Cars to Cut Vehicle Ownership by Half: Barclays

U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays Plc analyst said. Vehicle ownership …

Mass. Gov. Baker Calls for New State Regs on Ride-Hailing Companies

Drivers for ride-hailing services such as Uber or Lyft would be required to undergo state criminal background checks, and the companies would be required to carry at least $1 million in liability insurance for each ride, under legislation filed on …

New Jersey Grapples With How, Whether to Regulate Uber, Lyft

Ride-hailing companies like Uber and Lyft could be driven out of New Jersey if a bill lawmakers are considering becomes law. That’s at least what the transportation network companies faced with potential new regulations say. Lawmakers, unionized taxicab drivers and …

Rideshare Service Bill Hailed by Maryland Lawmakers

An eleventh-hour bill in Maryland addressing the regulation of rideshare companies like Uber and Lyft is being hailed by stakeholders on both sides of the meter. In the waning hours of the Maryland legislative session on April 13, Baltimore Sen. …

Business Travelers Driving Uber Growth

Business travelers are bypassing the taxi queue with greater frequency, choosing instead ride-hailing services like Uber Technologies. A new report by expense management system provider Certify shows that 47 percent of the ground transportation rides by its users in March …

Georgia Senate Sends Ridesharing Bill to Governor

The Georgia Senate has expanded the requirements ridesharing companies must meet to operate in the state. The Senate voted last Thursday to add a requirement for drivers of companies such as Uber to display certificates of identification on their vehicles. …

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. …

Taxi Group’s New Lawsuit Targets New York’s Uber Policy

A group of taxi companies sued New York claiming the city is wrongfully allowing Uber Technologies Inc. customers to hail rides with an app. Current law permits only yellow taxis with valid medallions to accept hails, regardless of whether they’re …

NAIC Adopts Ridesharing White Paper for State Policymakers

The National Association of Insurance Commissioners on Tuesday adopted a white paper on insurance coverage for ridesharing that offers several suggestions for how state regulators should deal with insurance issues. Ridesharing services offered by transportation network companies like Uber, Sidecar …