Live Insurance News

Auto insurance policy from Uber outlined at hearing

September 15, 2014September 13, 2014 G. Turner

The ride share service has spoken before the Pennsylvania Public Utility Commission with coverage details. A spokespersion representing Uber – the popular ride sharing service – has now testified with regards to the auto insurance policies held by the company, before the Pennsylvania Public Utility Commission. This provided details with respect to the coverage that extends to the drivers and vehicles used for the ride sharing platform. That said, despites the coverage details that were outlined, a representative of the Pennsylvania Insurance Federation spoke out against the provided protection. That…

Uber and Lyft fight auto insurance legislation

August 26, 2014August 25, 2014 S.Vagus

Ride-share companies continue to fight legislation that could have a severe impact on their business Ride-share companies Uber and Lyft are fighting legislation that could, essentially, ruin their business. Auto insurance is at the heart of the legislative battle that has been brewing in the ride-share sector for some time. Both Uber and Lyft have been the subject of criticism recently due to the way they handle insurance coverage for their drivers. The matter has become so problematic that government officials have introduced new legislation to address the issue. Legislation…

Auto insurance regulations could be on their way for Ohio ride sharing

August 18, 2014August 16, 2014 G. Turner

Companies such as Lyft and Uber could soon be facing new rules with regards to their coverage. The director of the Ohio Department of Insurance, Lt. Governor Mary Taylor, announced at the end of last week that she would be putting her head together with other state commissioners over the weekend in order to discuss whether or not there should be auto insurance regulation for Uber, Lyft, and other ride sharing companies. According to Taylor, the goal is to make sure that consumers are adequately protected through proper steps. Taylor…

Ride sharing service in Iowa comes with potential insurance problems

August 5, 2014August 2, 2014 Julie Campbell

ride sharing auto insurance car traffic california

Commissioner Nick Gerhart has cautioned drivers that signing up for these programs could negate their coverage. The Iowa insurance commissioner, Nick Gerhart, has released a statement of caution to drivers in the state who are considering participating in ride sharing services, such as Uber, as signing up to give people drives under this type of program could nullify their auto policies. While the Uber service has not yet made its way into Des Moines, the company has been looking at the city. That said, the commissioner spoke in advance of…

Concerns ignited over Uber’s auto insurance issues

July 29, 2014July 26, 2014 S.Vagus

Uber catches the attention of insurance regulators in Texas Uber, a personal transportation company that is growing at an astonishing rate, is beginning to attract the attention of state regulators in Texas. The Insurance Council of Texas has voiced its concerns about Uber, noting that 20 other states throughout the U.S. are beginning to look into issues regarding auto insurance coverage and the company’s services. Gaps in auto insurance coverage could create dangerous situations for consumers that make use of Uber’s services. There are concerns regarding Uber’s policies on auto…