Rideshare insuranace News

Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries

Ride-sharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and performed unnecessary surgeries to take advantage of New York’s lucrative no-fault insurance policies. Since …

James River Unloads Rideshare Reserves To Uber Captive

Late last month, James River Group Holdings, Ltd. announced that two of its principal operating subsidiaries entered into a loss portfolio transfer reinsurance transaction with a wholly owned captive insurer of Uber Technologies, Inc. Under the agreement, the Uber captive, …

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 …