Lyft News

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 …

Uber Announces New Policy to Cover Gap

Ridesharing company Uber on Friday said it has new insurance to cover a gap between personal and commercial policies when drivers are using the app-based ridesharing service, while the company’s CEO said the San Franciscso-based firm is also working with …

Tennessee: Use of Transportation Networks Could Lead to Auto Coverage Gaps

Tennessee regulators are warning automobile policyholders that participating in transportation network companies could lead to gaps in their coverage and leave them exposed to monetary damages from an accident. Transportation network companies have become increasingly popular across the country, especially …

Colorado Bill Would Exclude Uber Drivers Until Summoned

A bill on ridesharing in Colorado passed by state Senate on Monday paints a “bright line” between when users of the app-based services are driving for personal reasons and when they are providing a commercial service. Senate Bill 125 would …

Seattle Mayor Warns of Uber Crackdown

Uber Technologies Inc. and other taxi services that let people summon drivers by smartphone might be shut down in Seattle if they don’t carry more insurance, Mayor Ed Murray said. “They have to start accepting a certain level of regulation,” …