on-demand economy News

Rideshare Drivers Flocking to On-Demand Economy, Poll Shows

First there was the sharing economy, and then the gig economy. Now the buzz phrase to pay attention to may be “on-demand.” The on-demand economy, according to TheOnDemandEconomy.org, is defined as the economic activity created by digital marketplaces that fulfill …

UK Uber Drivers’ Court Victory Over Pay Could Rejigger Gig Economy

Uber Technologies Inc. lost a lawsuit over pay and vacation time for U.K. drivers at the car-sharing service in a ruling that could change how workers are treated in the country’s burgeoning gig economy. Three London tribunal judges turned to …

10 Takeaways from the Future of Insurance and InsureTech Connect Conference

You’ve probably heard. There is tremendous investor interest right now in technology-first insurance startups, or insurtech firms. The first InsureTech Connect Conference in Las Vegas in early October attracted an estimated 1,500 tech entrepreneurs, investors and insurance executives from around …

As On-Demand Economy Grows, Professor Sees New Kind of Capitalism Emerging

It goes by many names: the “sharing economy,” the “gig economy,” the “on-demand economy.” Arun Sundararajan, a professor at New York University’s Stern School of Business who has been studying the phenomenon for several years, favors “crowd-based capitalism.” But he …

Allstate Debuts Insurance Coverage for Homeowners Sharing Their Homes

In a move to serve customers who rent out their homes on a temporary basis, Allstate has filed plans to offer home-sharing protection in six states — Arizona, Colorado, Illinois, Michigan, Tennessee and Utah — starting in mid-August. Allstate says …

Labor Unions Searching for Strategies to Join the Gig Economy

The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber drivers, saying it “gives organized labor an opportunity to shape the new economy in a way that supports and values …

Startup Slice, Offering Insurance for On-Demand Workers, Raises $3.9M

Slice Labs Inc., an instech startup set to launch an on-demand platform to sell insurance to participants in the on-demand economy, said it has secured $3.9 million in seed funding led by Horizons Ventures and XL Innovate. The Slice on-demand …

Few Rideshare Drivers Have Insurance, But Interest is Growing

A large portion of rideshare drivers do not have the required insurance – but more are buying it, or seem to be more interested in it. According to a recent survey by the Rideshare Guy, roughly one-in-five rideshare drivers have …

Gig Economy Now 6.5% of U.S. Workforce; Provides Extra Income for 10 Million

It’s a job market revolution: an estimated 10.3 million Americans earned income through web-based platforms like Uber and Airbnb between 2012 and 2015. That’s more people than reside in the entire state of Georgia and amounts to 6.5 percent of …

Amazon Plan Would Expand Its Uber-Like Delivery Service

Amazon.com Inc is quietly inviting drivers for its new “on-demand” delivery service to handle its standard packages, as the online retailer known for low prices and razor-thin profit margins looks to speed up delivery times and tamp down its growing …