ride sharing News

Specialty Lines Insurance: Innovating at the Edges of Society and the Economy

Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when customer demand is there. In …

Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform

Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car sharing operator, links drivers, who need a car on a short-term basis, with vehicle owners who want to generate extra …

GM to Pilot Airbnb-Like Service for Autos This Summer

General Motors Co. plans to start a pilot program this summer that will enable car owners to rent out their vehicles when they aren’t using them, according to people familiar with the matter. The tests will begin in early summer …

London Unveils New Rules for Uber’s Drivers, Cars; Fleet Insurance Also Eyed

London’s transport authority unveiled proposed new rules for private hire taxi companies such as Uber by requiring them to limit working hours for their drivers, share data on travel patterns and ensure provision of wheelchair-accessible vehicles. Companies “should ensure that …

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 …

Toyota Makes Strategic Investment in Grab, SE Asia’s Leading Ride-Sharing Firm

Toyota Motor Corp. is pushing deeper into the ride-sharing business. The Japanese carmaker is making a strategic investment in Grab, Southeast Asia’s leading ride-hailing operator, and said it will work with the company to provide services in Southeast Asia. Toyota …

Uber Faces Biggest Challenge to European Plans in Region’s Top Court

Uber faces the biggest challenge yet to its European roll-out after the region’s top court was advised to rule that the U.S. ride-hailing firm is actually a transport service not an app. Although the opinion of the Court of Justice …

UK Uber Drivers Can Now Buy Injury & Illness Insurance

Uber Technologies Inc. will begin offering U.K. drivers the ability to buy injury and illness insurance, a step to provide a safety net for the independent drivers it has long been criticized for treating poorly. The benefit is a first …

Uber Faces Hike in London License Fees, in Latest Blow for Ride-Hailing Firm

Taxi app Uber could face an increase in operator license fees in London under proposed changes by the city’s transport authority, the latest in a series of moves by regulators to rein in a firm that has disrupted the traditional …

Rideshare Drivers Take ‘Huge Risk’ with Personal Auto Coverage: GEICO

You are a driver for a transportation network company and then the unfortunate happens. Someone sideswipes your vehicle. In the chaotic moments after the accident, a question about your personal auto insurance coverage arises. Are you fully covered for ridesharing? …