ridesharing insurance News

Farmers Expands Program, Now Insuring Uber Drivers in 14 States and D.C.

Farmers Insurance has expanded its relationship with Uber by providing commercial automobile insurance to its ridesharing drivers in 12 additional states and the District of Columbia. In addition to the District of Columbia, Farmers will insure Uber drivers in Delaware, …

Liberty Mutual to Insure Uber Drivers and Passengers in 7 States, Puerto Rico

Liberty Mutual Insurance will provide coverage for Uber drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company’s 2020 auto insurance programs, which became effective on Dec. 31, 2019. The move by the Boston-based …

Why James River Insurance Dumped Uber Account

A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc. affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account. …

James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber

Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its largest client. A.M Best said the Financial Strength Rating of …

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 …