rideshare insurance News

The Gig Economy, Auto Insurance and Surplus Lines

Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor vehicles continue to expand and evolve, as do businesses and their automobile insurance needs, especially in the gig …

Rideshare Insurer Buckle Raises $31 Million to Fuel Nationwide Expansion

Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use the money to expand operations nationally. HSCM Bermuda and Eos Venture Partners co-led the Series A round, which is also …

‘Rideshare Guy’ Says 60-80% of Drivers Still Don’t Have Correct Insurance

He calls himself “The Rideshare Guy” and he’s become one of the more prolific voices covering the still-burgeoning business. When Uber and Lyft were at the point in development that they were considered by some to be just another fly-by-night …

Hawaii Lawmakers Want to Regulate Rideshare Companies

Hawaii lawmakers are considering a bill to close the gap in car insurance coverage for transportation network companies like Uber and Lyft. Supporters of the bill say that, right now, Uber and Lyft drivers might not be covered by insurance …

Allstate Rideshare Coverage Approved in California

California Insurance Commissioner Dave Jones has approved a new rideshare insurance product from Allstate Insurance. The Allstate coverage is for for people driving for transportation network companies like Uber and Lyft. Beginning in April, TNC drivers will have the option …

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 …

New Rules to Govern Taxis, Uber, Lyft Approved by Oregon City

Ridesharing services such as Uber and Lyft should continue to operating in Portland, Ore. after the City Council approved a new set of rules to govern taxis. The Oregonian reported that the council voted last week to allow ridesharing services …

USAA to Offer Rideshare ‘Gap Protection’ Coverage in Massachusetts

Massachusetts Gov. Charlie Baker and the Division of Insurance announced that the United Services Automobile Association (USAA) has been approved to offer additional “gap protection” coverage to its policyholders who drive their cars for rideshare or transportation network companies (TNC), …

Portsmouth, N.H., Officials Call for Proof of Insurance for Rideshare Services

City officials in Portsmouth, New Hampshire, are calling for ride-hailing services like Uber to prove they’re commercially insured. The Portsmouth Herald reports that Assistant Mayor Jim Splaine released an amended ordinance this week that would mandate ride-hailing services to have …

Rideshare Insurance Bill Sent to Louisiana Governor

Drivers for rideshare services like Uber and Lyft will have to carry hefty insurance policies, under a bill headed to Louisiana Gov. Bobby Jindal’s desk. Rideshare services, or transportation network companies (TNCs), connect contract drivers, who frequently use their personal …