sharing economy News

Lyft Hopes New Expert Council Improves Safety for Riders, Drivers

Lyft Inc is putting together a council of experts to advise the ride-hailing company on its safety initiatives for riders and drivers, it said in a blog post on Tuesday. The Safety Advisory Council will include representatives from the Rape, …

Airbnb Stresses Safety, Accountability in Governance Changes

Airbnb Inc. is laying the groundwork for a public market debut later this year, announcing a new corporate governance strategy that values safety, sustainability, diversity and accountability. The home-share startup has said it will track guest safety incidents, verify all …

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 …

Munich Re’s Libman Joins Liberty Mutual’s Shared Economy/New Mobility Team

Liberty Mutual Insurance has appointed Max Libman as lead underwriting consultant for its national Sharing Economy & New Mobility unit. The dedicated Sharing Economy & New Mobility practice was launched earlier this year. The practice helps ride-hailing, vehicle-sharing, car subscription …

How Brokers Influence Specialty Insurance Product Innovation

In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects of specialty insurance. Whether it’s reputational, cyber, gig economy …

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. …

Specialty Lines Insurance: Innovating at the Edges of Society and the Economy

Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when customer demand is there. In …

London’s Uber Drivers Sue City’s Mayor for ‘Discriminatory’ New Levy

London Mayor Sadiq Khan’s decision to charge Uber Technologies Inc. drivers to operate in the city center amounts to racial discrimination and puts some out of business, lawyers for the drivers said Wednesday in court, in the latest stage of …

Ridehailing Blamed for Rise in Traffic Congestion, Deaths

Blame Uber. While the era of app-based ridehailing services, such as Uber and Lyft, has been credited with everything from keeping impaired drivers off the road to increasing job opportunities to adding new levels of convenience, there is a downside. …

National Labor Board Memo Says Uber Drivers Are Contractors, Not Employees

Drivers for ride-hailing company Uber Technologies Inc. are independent contractors and not employees, the general counsel of a U.S. labor agency has concluded, in an advisory memo that is likely to carry significant weight in a pending case against the …