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.…

Ride-share companies may have trouble with auto insurance gap

November 18, 2014November 15, 2014 Logan B.

Insurance gap could threaten the future of ride-share companies as they continue to juggle financial risks and liability issues Ride-share companies are becoming more popular and they are beginning to feel pressure to address the insurance gap problem they have. The insurance gap has the potential to threaten the future of ride-sharing and if companies cannot find an effective way to address the issue, they may find it difficult to continue operating in some states. The problem stems from the relative youth of the ride-share sector. Because ride-sharing is so…

Auto insurance at Lyft to be put to the test following tragic accident

November 10, 2014November 10, 2014 Julie Campbell

A fatal crash in California will be the first to reveal the way in which the $1 million policy provides coverage. The ride share company, Lyft, which was first founded in 2012 and that has moved into 20 cities has been facing some controversy with regards to the auto insurance coverage that protects the company, its drivers, and their customers, and now it will be put to the test. Near Sacramento, California, there was a fatal accident on Halloween involving a Lyft driver. This represents the first time that the…

Lyft’s auto insurance policy falls under more scrutiny

November 7, 2014November 6, 2014 S.Vagus

Fatal accident puts more focus on ride share insurance coverage A fatal car accident in California may put ride share company Lyft’s auto insurance to the test. The company has been under heavy scrutiny recently regarding its insurance coverage. Some lawmakers have questioned whether Lyft’s coverage was adequate enough to cover accidents and any damage that would be caused by such events. Some had introduced new legislation that would hold ride share companies to higher insurance standards, and these companies had been heavily resistant to such legislative efforts in the…