Uber insurance News

Relax, Uber’s Not Interested in Entering Insurance Business

While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global transportation firm is content to focus on being an “intelligent purchaser” …

Progressive Insurance Snags Texas Uber Drivers Account

Uber Technologies Inc. will use Progressive Insurance to provide coverage for drivers in Texas beginning on Friday, in a pilot that could lead the ride-hailing market leader to diversify its U.S. insurance purchasing from its current sole provider, Uber and …

Lafayette, Louisiana Officials Mull Insurance, Regulations for Uber

The Lafayette City-Parish Council is considering new regulations to require Uber and similar companies to do regular background checks on contract drivers, inspect vehicles and carry insurance above and beyond what state law requires for drivers. The Advocate reports the …

GEICO Launches End-to-End Ridesharing Coverage in Texas

GEICO has unveiled a new auto insurance product in Texas for drivers of on-demand transportation network companies (TNC) like Uber, Lyft, Sidecar that covers both personal and ridesharing needs. GEICO Senior Vice President Robert Miller said the coverage can meet …

RIMS Report: Uber Touts Ridesharing Insurance Solution

In the rapid rollout of mobile app-based ridesharing services that compete with traditional taxicabs and other urban transportation, taxi businesses have bristled over the higher insurance costs they must bear compared to what drivers for Uber, Lyft, Sidecar and other …

Georgia House Passes Ridesharing Regulation Bill

The first of a slew of bills that would regulate popular car-hailing companies such as Uber overwhelmingly passed the Georgia House on Tuesday, but the San Francisco-based tech firm said it was not happy with the measure or several others …

Uber Drivers Fined After Series of Florida Stings

Palm Beach County officials have fined the ride-hailing service Uber and six of its drivers more than $44,000. The Palm Beach Post reports the county conducted stings last week in Boca Raton and Delray Beach, issuing citations to Uber and …

Uber Facing Roadblocks, Controversies in U.S. and Abroad

Uber Technologies Inc. has hit an increasing pileup of regulatory and legal hurdles this week, with its mobile application challenged from India to California. The car-booking app yesterday was sued by the district attorneys of Los Angeles and San Francisco …

James River Not Afraid to Take on Uber, Riskier Assets

The insurer that ridesharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it’s more willing than competitors to invest in junk-rated loans. James River Group Holdings Ltd. outlined its strategy this way in …

Tuscaloosa Police Warn Uber Drivers

City officials in Tuscaloosa say they’ve informed representatives of the Uber ridesharing service that drivers will soon face arrest unless the company complies with the city’s demands. Tuscaloosa police Sgt. Brent P. Blankley told The Tuscaloosa News that police will …