transportation network companies News

Transportation Network Company Insurance Bill Passes Oklahoma Senate

A bill addressing the insurance requirements of transportation network companies (TNCs), or rideshare organizations, and their drivers has passed the Oklahoma Senate by an overwhelming majority vote of 40-3. SB 436, the Transportation Network Act of 2015, sets coverage requirements, …

Philadelphia Cab Owners Lose Bid to Ban Uber Service

Philadelphia cab companies, threatened by the expansion of Uber Technologies Inc., lost a court bid to block the on-demand car service from operating in the city. Checker Cab Philadelphia Inc. and 44 other companies failed to show they would be …

Connecticut Debates How to Regulate Rideshare Services

Connecticut is the latest state to grapple with how to regulate Uber and other ride-hailing services being embraced by the public but angering the long-established taxi and livery industry. Taxi and livery drivers say they’re under assault by unfair competition …

Uber: Hackers May Have Stolen Data on 50,000 Drivers

Uber Technologies Inc. said its database was access by an unauthorized third party last year, resulting in the possible theft of information on 50,000 drivers. The drivers, who are part of Uber’s mobile car-booking network, were notified and Uber took …

Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber

Uber, the popular ride-hailing app, is hitting taxicabs where it hurts: The medallion business. Taxi companies make money by charging drivers for medallions, or licenses to drive their cabs. In a note to investors last week, Jefferies analyst Sean Darby …

Negotiations in Arizona to Update Ridesharing Law Underway

A key lawmaker said talks she’s leading among taxi firms, rideshare companies such as Uber and insurers on an updated law regulating the new and growing rideshare industry are progressing. Rep. Karen Fann, chair of the insurance committee, said parties …

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 …

GEICO Launches Ridesharing Coverage in Virginia

GEICO has rolled out a new product to meet the insurance coverage needs of ridesharing drivers in Virginia. The product, available now to new and existing customers, covers drivers that Uber (UberX and UberXL), Lyft, Sidecar and others have approved …

California Motor Vehicles Revokes Notice on Commercial Plates for Uber

California has retracted a notice that said private drivers for ridesharing companies such as Uber Technologies Inc. and Lyft Inc. must have a commercial license plate or risk getting a citation. The California Department of Motor Vehicles released a notice …

Uber Auto Policy Meets State Requirements, Says Florida Regulator

Florida’s insurance regulators have determined that a ridesharing company’s automobile commercial liability policy meets state regulations, but legislative action is likely necessary to clarify whether that entitles the company to legally operate in the state. Ridesharing firm Uber has been …