sharing economy News

Uber Granted 15-Month License to Keep Operating in London

Uber Technologies Inc. was given an 15-month license to operate in London by a judge after the ride-sharing service worked out most of its differences with regulators. Judge Emma Arbuthnot granted the license in a ruling Tuesday. The case stems …

Uber Girds for Court Battle to Continue Operating in London

In a TV ad currently airing in the U.K., a young woman leaves a bar alone and prepares to step into an Uber. “I know his license number and he’s made 3,000 trips and speaks four languages,” she says to …

Lloyd’s Sees Insurance Helping Burgeoning Sharing Economy Grow

A new report commissioned by Lloyd’s of London finds a role for insurance in helping the sharing economy grow by clearly defining the risks in the peer-to-peer world. However, differing views on who should take on sharing these risks could …

Ryder Rolls Out Commercial Vehicle Sharing Program

The sharing economy is coming to the truck rental industry. Truck leasing and rental firm Ryder System is launching an online sharing platform that offers fleet owners with idle vehicles the opportunity to rent their underutilized commercial vehicles to other …

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 …

Y-Risk Approved as Lloyd’s Coverholder for Cyber, Technology E&O Product

Y-Risk, LLC, a specialty underwriting management company, has been approved as a Lloyd’s coverholder with authority for cyber and technology E&O insurance on behalf of certain Lloyd’s syndicates. Y-Risk is now offering its new Y-ProTech insurance policy which provides coverage …

EU Court Rules Uber Should Be Regulated as Transport Firm, Not an App

Uber Technologies Inc. suffered a defeat when the European Union’s top court ruled its ride-hailing service should be regulated as a transport company, a decision that could set a precedent for the burgeoning gig economy. The EU Court of Justice …

Is Uber an App or Transport Firm? EU’s Top Court to Rule This Week

A debate in Europe over whether ride-hailing app Uber is merely a digital company or one providing transport services will be decided when the top European Union court hands down its verdict on Wednesday in a highly anticipated case. While …

Liberty Mutual’s Venture Capital Unit Backs Car-Sharing Startup

Liberty Mutual’s venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual Strategic Ventures, said he sees solid business opportunities within Turo’s concept. …

Dreams Come True with Hagerty Insurance-Backed Classic Car Sharing Service

Many Americans dream of driving fabulous, unique, vintage cars. The vast majority of Americans never get to actually do it. Sure, we see them around—I live in Brooklyn and I don’t own a car, but as I walk around my …