sharing economy News

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 …

Is Colorado’s Pet Sitting Law Another Insurance Quagmire Waiting to Unfold?

If it barks like a dog… A new Colorado law that enables people to sit up to three pets without needing a license looks pretty much like just another piece of the growing gig economy. People can sell their services …

Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020

A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their agency over the next few years. …

Uber Faces Biggest Challenge to European Plans in Region’s Top Court

Uber faces the biggest challenge yet to its European roll-out after the region’s top court was advised to rule that the U.S. ride-hailing firm is actually a transport service not an app. Although the opinion of the Court of Justice …