Auto insurance legislation targeting ride-share companies has failed in Hawaii

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New legislation fails to pass committee New legislation in Hawaii that would require drivers working for transportation network companies like Uber and Lyft to have a higher level of auto insurance coverage has been struck down by the House Consumer Protection and Commerce Committee. The legislation would have introduced more regulation to the transportation network company industry, which is growing quite rapidly throughout the United States. Both Uber and Lyft have been targeted by such legislation before, with lawmakers in some states showing concern over potential insurance gaps. Legislation would…

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New legislation in Florida aims to close ride-share auto insurance gap

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Senator Simmons introduces new insurance legislation to address ride-share concerns in Florida New auto insurance legislation concerning ride-share companies, such as Uber and Lyft, is making progress in Florida’s legislative process. The legislation, sponsored by Senator David Simmons, is heading for the state’s Senate, where lawmakers will determine its feasibility and whether or not it is a good fit for the state. According to Senator Simmons, the legislation is a work in progress and changes may be made to it in the future. Lawmakers are becoming increasingly concerns of potential…

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California approves new auto insurance products for TNC industry

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New insurance products will be available for TNC drivers California officials have approved new auto insurance products that will affect the Transportation Network Company (TNC) space. Companies like Uber and Lyft have had a major impact on the insurance space, largely due to concerns that these companies are not providing adequate coverage for their drivers. Insurers are beginning to take note of the rising popularity of TNC and, in order to mitigate risks, have begun offering new insurance policies. State Farm is among these companies. State Farm is among several…

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New auto insurance product may help ride-share companies in Canada

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Aviva Canada aims to launch a new auto insurance product in Canada in February New auto insurance coverage for those in Canada that use their own vehicles to transport paying passengers may soon be available in February. The new coverage comes from Aviva Canada, which is looking to close gaps in the auto insurance sector, especially where ride-sharing services are concerned. This coverage may be a boon for Uber, which has come under fire recently due to concerns regarding the insurance coverage that it provides its drivers. Uber has been…

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Ride share insurance for UberX drivers to be offered by Aviva

Toronto Canada Auto ride share Insurance Discounts

The auto insurer has said that it will start to sell full coverage policies as of February in Toronto, Canada. UberX has faced an ongoing struggle with the ride share insurance issues in Toronto, Canada – as it has in many other places throughout North America and the rest of the world – but things will start to become a little bit easier in February when Aviva starts to offer full auto policies to its drivers. The policy would build on top of existing personal auto insurance coverage for drivers…

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New law in Texas makes changes to auto insurance requirements

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New law targets ride-share companies, requiring them to have more insurance coverage A new law in Texas will require drivers for both Lyft and Uber to have more auto insurance coverage. The law also applies to all Transportation Network Companies and is meant to address concerns regarding a gap in auto insurance for drivers. Previous to the law, drivers were required to have a minimum of $30,000 per person injured in an accident, $60,000 per accident, and $25,000 in property damage per accident. Typically, this degree of coverage was enough…

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Legislation targets auto insurance and ride share services in Florida

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New legislation will place auto insurance requirements on ride share companies New legislation in Florida could affect the way ride-share companies receive auto insurance. Companies like Uber and Lyft, which providing transportation services with the aid of mobile apps, have been at the heart of debate concerning issues in the auto insurance sector. These companies typically meet the minimum requirements but are not technically required to do so because of the way they operate. The new legislation would codify existing standards, ensuring that companies like Uber and Lyft are required…

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Auto insurance company in Canada cracks down on UberX drivers

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An insurer has started cancelling the policies of drivers who are working with personal coverage. The Toronto Star has now reported that it has received an internal bulletin from the Aviva Canada auto insurance company and that has revealed that it is cracking down on UberX drivers who are covering themselves with personal policies but who are using their vehicles for commercial purposes. Estimates from the City of Toronto show a monthly average of 500,000 UberX rides in the city. Now, one of the largest auto insurance companies in the…

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New auto insurance policy designed for drive-share companies approved in California

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State Insurance Commissioner approves new auto insurance policy for drivers California Insurance Commissioner Dave Jones has approved the state’s first official auto insurance policy designed specifically for Lyft and Uber drivers. The policy has been formed to address the problems associated with drive-share companies and the insurance coverage that they offer to their drivers. The insurance policy is coming from MetLife Auto & Home. The policy will provide individual coverage for Uber and Lyft workers, providing them with the protection they have may have been lacking in the past. Coverage…

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Canadian Uber drivers may need to check their auto insurance policies

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Insurance Bureau of Canada wants Uber drivers to make sure they are properly insured The Insurance Bureau of Canada is advising drivers that work for ride-share company Uber to check their auto insurance policies. The agency suggests that drivers should ensure that their insurance policies provide coverage for their vehicles that are being used for commercial purposes. In most cases, however, conventional policies do not provide commercial coverage for most drivers, as these policies only provide coverage for vehicles being used for personal purposes. As such, they may be exposed…

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