Live Insurance News

Auto insurance Uber tattling plan begins by Portland taxi drivers

December 15, 2014December 13, 2014 Julie Campbell

The ride share service has been continue to operate illegally in the city and cabbies are working to stop them. The popular Uber ride share service has now been operating illegally for a couple of weeks in Portland and local cabbies are starting to help the police in the city to be able to take the service’s drivers off the roads by ratting them out to their auto insurance companies. It started on Friday when a tweet was made on the Radio Cab Twitter account encouraging cabbies to rat out…

Auto insurance hybrid coverage coming soon to Uber and Lyft

November 21, 2014November 17, 2014 Julie Campbell

Drivers for ride sharing services will soon be able to buy an amendment to their current policies. Ride share service drivers from companies such as Uber and Lyft will soon be able to buy an amendment to their auto insurance coverage that will provide them with protection from the moment that they sign on and are waiting for a call to pick up a rider, which is a new California law requirement. This has allowed for the creation of a type of hybrid personal commercial insurance policy for those drivers.…

Insurance industry in Canada sends warning to Uber

November 5, 2014November 4, 2014 G. Turner

The ride share program is entering into more cities, but standard auto coverage may not be enough. The top regulator in the Canadian insurance industry has now issued a warning to the popular ride share program, Uber, to warn the company, its drivers, and its customers that personal auto insurance will not be adequate for their purposes. The Insurance Bureau of Canada (IBC) has cautioned that personal auto won’t provide the needed coverage. The warning from this national insurance industry association has said that if an Uber driver is involved…

Auto insurance bill for ridesharing companies signed in California

September 22, 2014September 22, 2014 G. Turner

This new legislation is designed to close the coverage gaps for drivers in this type of program. Governor Jerry Brown has now signed a controversial bill that is meant to provide a compromise and close the auto insurance gaps while at the same time calling for increased oversight of the rapidly growing industry of ridesharing companies and programs in California. Uber, the largest rideshare company in the industry, simultaneously announced plans for large scale hiring. The announcement made by Uber stated that the hiring would place a focus on bringing…

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…