Ride sharing services have now cleared another hurdle in obtaining the right coverage in Minnesota. A bill that will require Uber and other types of ride sharing service companies to provide their drivers with a higher level of auto insurance coverage has now stepped beyond yet another milestone within the Minnisota state Senate. The bill was moved forward, recently, by the Senate Transportation Committee following industry official testimony. Officials from Uber spoke in front of the Senate committee. They were in opposition of the bill, while limo and taxi drivers…
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Lyft driver insurance is available from Progressive
This unique coverage is a part of a pilot program that will start being sold in Pennsylvania. Progressive has recently announced that it is launching a new Lyft driver insurance program that will be available as a part of a pilot test in Pennsylvania, and that it is exclusive to that ride sharing program. This special form of auto insurance coverage will not extend to drivers with the much larger Uber company. This Lyft driver insurance program is a first of its kind and was just rolled out by Progressive…
Read MoreDriverless Cars Bring Uncertainty to the Car Insurance Industry
Most of the time, we don’t need need to think about car insurance. Every now and again accidents occur, forcing drivers to break out those little-used plastic cards for an information swap. It’s how we hold each other accountable on the road. But what if drivers didn’t control their cars’ actions? Talk of futuristic “driverless” cars has insurance companies scratching their heads. Expected to reduce accidents and increase accessibility, driverless cars are one of the latest technologies being developed, according to Mercury News. These motorized cars are already being tested on the…
Read MoreHartford to test a new form of car policy in 2012
Hartford Financial Services Group has announced its intentions to begin a pilot program in 2012 for an auto insurance policy based on telematics. Hartford’s president of consumer markets, Andy Napoli made the announcement during the company’s investors meeting. The new policy will be using telematics. According to Napoli, using the “devices in insured vehicles to transmit information about driving behavior, such as miles driven, speed, acceleration, deceleration, and using that information to price the risk.” This pilot program will be known as TrueLane and will begin in the first half…
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