transportation network companies (TNCs) News

Personal Insurance Federation of Florida Releases TNC Legislation Guidelines

Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in state law in order to adequately protect both …

Georgia Senate Committee Approves Ridesharing Bill

A bill that would give Uber and other ride-sharing services clear sailing to keep operating in Georgia on passed the state Senate’s powerful Science and Technology Committee late last week. The bill by Republican Rep. Alan Powell of Hartwell passed …

Yellow Taxis Now Outnumbered by Uber Cars on NYC Streets

New York City’s storied yellow cabs are taking a back seat to black cars. Uber cars, often black sedans that can be summoned with smartphone apps, now outnumber the yellow taxis that city riders have hailed with a whistle and …

GEICO Expands Ridesharing Product to Maryland

GEICO is now offering its ridesharing insurance product to Uber (UberX and UberXL), Lyft, Sidecar and other services to approved drivers in Maryland, in addition to Virginia. The product, which replaces the driver’s personal auto policy, provides coverage both for …

Data Breach Lawsuit Latest Legal Challenge for Uber

Uber Technologies Inc. has been hit with a proposed class action lawsuit over a recently disclosed data breach involving the personal information of about 50,000 drivers, the latest in a series of legal woes to hit the Internet car service. …

Juries to Decide If Uber, Lyft Drivers Are Independent Contractors

Uber Technologies Inc. and Lyft Inc. lost an early round of a fight with drivers in lawsuits that could upend the companies’ nationwide business models. The on-demand car services will need to make the case to juries why they shouldn’t …

‘Big Taxi’ Wages War Against Uber to Be More Like Uber

David Sutton is looking for the worst possible news about Uber Technologies. An accident in San Francisco, an assault in Boston: Such bad tidings for Uber are ammunition for Sutton, a 48-year-old publicist. “Uber is a creep magnet,” Sutton says …

Consumer Advocate to Florida Lawmakers: Ridesharing Proposal ‘Hell-on-Wheels’

The Consumer Federation of the Southeast (CFSE) has warned that consumers will be at significant risk if Florida legislators allow transportation network companies like Uber and Lyft to follow different consumer protection standards than other transportation services in cities and …

Georgia Lawmakers File Bills to Control Ridesharing Services

Georgia legislators have filed a flurry of bills aimed at forcing ridesharing companies such as Uber to conduct more rigorous background checks on their drivers and raise liability insurance minimums for passengers. Uber spokesman Taylor Bennett said Wednesday that the …

James River Not Afraid to Take on Uber, Riskier Assets

The insurer that ridesharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it’s more willing than competitors to invest in junk-rated loans. James River Group Holdings Ltd. outlined its strategy this way in …