New York officials announced Thursday that rideshare firm Lyft has agreed to pay $300,000 in penalties as part of a settlement with state Attorney General Eric Schneiderman and the New York State Department of Financial Services. The $300,000 penalties represent …
GEICO has unveiled a new auto insurance product in Texas for drivers of on-demand transportation network companies (TNC) like Uber, Lyft, Sidecar that covers both personal and ridesharing needs. GEICO Senior Vice President Robert Miller said the coverage can meet …
Los Angeles-based Farmers Insurance has launched Rideshare Insurance Coverage for ride-hailing drivers in Arkansas. Farmers worked with representatives of the Arkansas Insurance Department, legislators and leaders of Transportation Network Companies (TNCs) to develop a product specifically designed to provide ride-hailing …
The Delaware Division of Motor Vehicles has announced an agreement between state officials and Uber officially allowing the smartphone-powered private car service to operate in the state under new regulations. Over the last few months, representatives from the San Francisco …
City officials in Portsmouth, New Hampshire, are calling for ride-hailing services like Uber to prove they’re commercially insured. The Portsmouth Herald reports that Assistant Mayor Jim Splaine released an amended ordinance this week that would mandate ride-hailing services to have …
Allstate has launched a “Ride for Hire” endorsement for qualified transportation network company drivers that will be available in four states – Colorado, Illinois, Texas, and Virginia – by the end of this year. The Allstate Ride for Hire endorsement …
American Family Insurance has introduced a new transportation network company insurance coverage in the state of Colorado, designed to meet the needs of customers who are independent contractors for transportation network companies such as Uber or Lyft. These ridesharing services, …
U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays Plc analyst said. Vehicle ownership …
Drivers for ride-hailing services such as Uber or Lyft would be required to undergo state criminal background checks, and the companies would be required to carry at least $1 million in liability insurance for each ride, under legislation filed on …
Ride-hailing companies like Uber and Lyft could be driven out of New Jersey if a bill lawmakers are considering becomes law. That’s at least what the transportation network companies faced with potential new regulations say. Lawmakers, unionized taxicab drivers and …
