ridesharing insurance News

Why Uber ‘Depends Heavily’ on Insurance

Uber Technologies Inc., on its way to an initial public offering that some media reports say could raise $10 billion, might not be in the position it is in without insurance. “Our business depends heavily on insurance coverage for drivers …

Startup Trov, Munich Re to Insure Riders of Waymo’s Self-Driving Car Service

Trov, an on-demand insurance startup, plans to provide trip insurance for passengers using Waymo’s soon-to-be launched self-driving, ride-hailing service. Waymo, formerly Google’s self-driving car project, plans to launch the commercial ride-hailing service for members of the public starting in Phoenix …

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? …

Slice Labs Testing Pay-Per-Use Insurance App with Rideshare Drivers

Insurance tech startup Slice Labs has created a pay-per-use rideshare insurance app and is now testing the technology with a select set of rideshare drivers. Plans call for testing the technology and algorithms with a group of 50 people “in …

GEICO Expands Ridesharing Product to 10 Additional States

GEICO has just introduced its ridesharing product to 10 more states – Alabama, Idaho, Kansas, Delaware, Maine, Tennessee, Wisconsin, Minnesota, Missouri and North Dakota – in addition to the product being offered in 24 states and the District of Columbia. …

Uber Debuts Its Food Delivery Service in Sin City

Uber drivers are now take-out delivery drivers too in Las Vegas, Nev. The ridesharing company has launched its UberEATS food delivery service in the Las Vegas area. Users can now use the app to order food from local restaurants at …

Aon Offers Cover for Ontario Uber Drivers, Using Online Quoting Tool

Aon Risk Solutions, the global risk management business of Aon plc, announced it is now offering personal ride-sharing insurance policies designed specifically for Ontario Uber drivers. As Uber’s insurance broker, Aon said it “has developed a comprehensive understanding of the …

Massachusetts Senate, House Ridesharing Bills Differ Over Airport Access

A bill that would regulate ride-hailing services like Uber and Lyft, including requiring drivers undergo criminal background checks and mandate they carry insurance policies of at least $1 million, was unveiled last week by Massachusetts Senate leaders. Unlike a House …

Farmers Insurance Launches Rideshare Coverage in New Jersey

Farmers Insurance announced Monday that it has begun offering its Rideshare Insurance Coverage endorsement in New Jersey. The endorsement is designed to offer ride-hail drivers coverage options as part of Farmers personal auto insurance policies. Farmers said the company worked …

Parr Insurance Launches Ridesharing Policy for Electric Vehicle Fleets in Chicago

Parr Insurance Brokerage, an independent insurance agency, has created a new policy for electric vehicles (EV) ridesharing in Chicago. Parr developed the policy for Chicago-based E-Rive, an electric-vehicle car sharing service. Electric vehicle maker BYD will provide its e6 cross-over …