Farmers Insurance®, one of the nation’s largest insurer groups, today announced it has begun providing commercial automobile insurance to ridesharing drivers using the Uber App in a total of 14 states and the District of Columbia, building on its original two states of Pennsylvania and Georgia. In addition to the District of Columbia, Uber drivers… Continue reading Farmers Insurance Begins Year Providing Commercial Auto Insurance Coverage to Uber Drivers in 13 New Markets
Tag: ridesharing insurance
Florida Risk Helped Ruin Uber for Insurer James River
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc. affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account. James River Group Holdings Ltd said on Oct. 8 it would cut ties with a… Continue reading Florida Risk Helped Ruin Uber for Insurer James River
Uber’s $2.94 Billion Insurance Unit Illuminates Challenge of Disruptive Businesses
Ride-sharing companies such as Uber Technologies Inc. and Lyft Inc. have become ubiquitous, but the risks attached to their business models have yet to be fully embraced by the mainstream insurance industry. Because of this, both companies have had to manage the risk largely on their own, and are devoting increasing amounts of capital to… Continue reading Uber’s $2.94 Billion Insurance Unit Illuminates Challenge of Disruptive Businesses
Nationwide Partners with Slice Labs to Develop On-Demand Auto Insurance for Rideshare Drivers
As the number of rideshare drivers continues to increase in the U.S., many face a complex gauntlet when seeking auto insurance solutions to meet their needs. Nationwide has taken an innovative step to develop on-demand rideshare insurance solutions for drivers who work for transportation network companies (TNC), such as Uber and Lyft, through its new… Continue reading Nationwide Partners with Slice Labs to Develop On-Demand Auto Insurance for Rideshare Drivers
Travelers to Become Exclusive Provider of Auto Insurance Claim Management for Lyft
The Travelers Companies, Inc. today announced that, effective Feb. 1, 2019, it will become the exclusive provider of U.S. auto insurance claim services for Lyft, the fastest growing rideshare company in the country. “Lyft is a dynamic organization that’s at the forefront of the future of transportation,” said Nick Seminara, Travelers’ Executive Vice President of… Continue reading Travelers to Become Exclusive Provider of Auto Insurance Claim Management for Lyft