Lyft and Uber Look to Captives to Insure their Drivers

Uber, Lyft agree to wage boost

Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft told potential investors in its initial public offering about its insurance unit, Pacific Valley Insurance Co. Hawaiian public… Continue reading Lyft and Uber Look to Captives to Insure their Drivers