ride-sharing service News

Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance

By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend …

Uber: Giving UK Drivers Workers’ Rights Would Cost Millions of Pounds

Uber said on Tuesday that paying National Insurance contributions for its British drivers would add tens of millions of pounds to the taxi app’s costs were they to be deemed employees. Uber currently classifies its around 50,000 drivers in Britain …

Asia’s Ride-Hailing Firms Compete with Banks – and Ultimately Insurers: Opinion

In Southeast Asia, mobile banking is taking on a whole new meaning. Last week, Grab, one of the region’s top ride-hailing companies, announced that users of its app can start sending credits — used to pay for rides — to …

Uber Wants Pennsylvania to Delay Rules for Driverless Cars

Ride-sharing company Uber wants the Pennsylvania Department of Transportation to delay policy recommendations that govern the testing of driverless cars. Uber, which has been testing the driverless cars in Pittsburgh for weeks, wants PennDOT to wait for legislation to be …

Pennsylvania Reinstates Uber’s Record $11.4M Fine

A Pennsylvania regulator on Thursday reinstated a record $11.4 million fine against the popular ride-sharing service Uber Technologies Inc. for operating illegally in the state in 2014. By a 4-1 vote, the Pennsylvania Public Utility Commission rejected Uber’s arguments that …

Lafayette, Louisiana Officials Mull Insurance, Regulations for Uber

The Lafayette City-Parish Council is considering new regulations to require Uber and similar companies to do regular background checks on contract drivers, inspect vehicles and carry insurance above and beyond what state law requires for drivers. The Advocate reports the …