transportation network companies (TNCs) News

NYC Legislators Seek to Put Limits on Rideshare Vehicles During Study

Staff and drivers for ride-hailing company Uber gathered outside City Hall on Tuesday, June 30, to protest legislation that would put limits on for-hire vehicles while the city conducts a study on whether the sharp growth of the industry has …

Bill Allowing Uber to Stay in South Carolina is Officially Law

Uber is staying in South Carolina. After the transportation network company (TNC) was halted by the state’s Public Service Commission in January and then granted a temporary license through June 30, South Carolina lawmakers introduced legislation allowing TNCs to operate …

Penn. Advises Rideshare Drivers to Carefully Examine Insurance Coverage

Pennsylvania Insurance Commissioner Teresa Miller is urging potential drivers for rideshare services like Uber and Lyft to consult with their insurance companies to ensure adequate coverage for themselves and passengers. Miller said Wednesday that transportation network services Uber and Lyft …

NYC’s Taxi Regulatory Agency OKs New App Rules for Uber, Lyft

New York City’s taxi regulatory agency on Monday approved new rules governing how Uber and other app-based car services operate within the five boroughs. Part of the proposal unanimously passed allows the companies to update their apps without approval from …

Most Drivers Mum About Ridesharing, Although Many Agents Ask

Roughly three quarters of ridesharing drivers don’t have ridesharing insurance, and nearly eight-in-10 conduct their ridesharing activities covertly and keep their insurer or agent in the dark. Two informal polls from a popular Forbes blogger known as The Rideshare Guy …

GEICO Expands Ridesharing Coverage to Georgia

GEICO has continued the expansion of its new auto insurance product for drivers of transportation network companies (TNC) with the addition of Georgia. GEICO offers ridesharing coverage through GEICO Commercial at a price lower than taxi and commercial rates. GEICO …

Rideshare Firm Lyft to Pay $300K in Settlement With New York

New York officials announced Thursday that rideshare firm Lyft has agreed to pay $300,000 in penalties as part of a settlement with state Attorney General Eric Schneiderman and the New York State Department of Financial Services. The $300,000 penalties represent …

GEICO Launches End-to-End Ridesharing Coverage in Texas

GEICO has unveiled a new auto insurance product in Texas for drivers of on-demand transportation network companies (TNC) like Uber, Lyft, Sidecar that covers both personal and ridesharing needs. GEICO Senior Vice President Robert Miller said the coverage can meet …

Farmers Introduces Rideshare Insurance Coverage in Arkansas

Los Angeles-based Farmers Insurance has launched Rideshare Insurance Coverage for ride-hailing drivers in Arkansas. Farmers worked with representatives of the Arkansas Insurance Department, legislators and leaders of Transportation Network Companies (TNCs) to develop a product specifically designed to provide ride-hailing …

DelDOT Announces Approval for Rideshare Firm Uber to Operate in Delaware

The Delaware Division of Motor Vehicles has announced an agreement between state officials and Uber officially allowing the smartphone-powered private car service to operate in the state under new regulations. Over the last few months, representatives from the San Francisco …