Live Insurance News

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

March 31, 2016March 30, 2016 Logan B.

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…

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

February 26, 2016February 24, 2016 S.Vagus

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…

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

January 12, 2016January 10, 2016 Logan B.

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…

Ride share insurance for UberX drivers to be offered by Aviva

January 11, 2016January 10, 2016 Julie Campbell

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…

New law in Texas makes changes to auto insurance requirements

January 8, 2016January 7, 2016 S.Vagus

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…