Uber insurance News

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 …

How Big Tech Flirted with Insurance in 2018

The almost weekly headlines about insurers and venture capitalists investing in insurtechs and tech-savvy insurance startups sometimes blocked the view of what established big technology firms were doing in insurance. During 2018, giant technology firms Google and Amazon showed renewed …

Winning, Sharing, Trusting, Failing, Losing: 10 Insuretech Connect Takeaways

Pulling together some loose threads from October’s Insuretech Connect Conference, here are 10 takeaways: Innovation Rap. “I actually feel the industry gets a bad rap in terms of innovation,” Dan Glaser, Marsh McLennan Cos. CEO, told the roomful of innovators, …

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 …