Keyword
ridesharing
What is the future of ridesharing insurance in Canada?
August 27, 2020 by Jason ContantOnce autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public…
How possible is a hybrid insurance model for the sharing economy?
August 24, 2020 by Jason ContantBeing able to distinguish between personal and commercial usage is one of the biggest unique differences with underwriting for the sharing economy, but the abundance of data available makes a hybrid insurance model possible, Economical Insurance said recently. “You can…
How ride-sharing insurance on leased vehicles will change in this province
May 13, 2019 by Greg MeckbachLimiting financial risk to firms that lease out vehicles used for ride sharing is one aim of legislation before Ontario law makers. Right now, the Insurance Act has limits on lessors’ vicarious liability but it “does not account for the…
B.C. opposition bill looks to private insurers to fast-track ride-sharing
December 5, 2018 by Jason ContantThe Opposition BC Liberals have introduced a bill they say would bring ride-sharing to the province within three months and allow for private insurance coverage, re-igniting debate over public versus private coverage in British Columbia. The minority NDP government introduced…
Controversy swirls around province’s plan for ridesharing insurance
July 24, 2018 by Jason ContantB.C.’s provincial government will introduce legislation to enable ridesharing in the province by fall of 2019, prompting the industry’s private insurers to say they can provide ridesharing insurance faster and better than the province’s public insurer. B.C.’s Ministry of Transportation…
Coalition launches campaign to bring ride-hailing to province
February 7, 2018 The Canadian PressVANCOUVER – Eight organizations in British Columbia are joining forces to advocate for ride-hailing services in the province as soon as possible. The Ridesharing Now BC coalition has been formed by groups including the Vancouver Board of Trade, BC Business…
Rideshare Redux
January 17, 2018 Jason Contant, Online EditorCalifornia-based Lyft is coming to Canada. Has the industry learned from Uber?
Uber says no to MPI’s unique approach for insuring ridesharing
January 12, 2018 by David GambrillManitoba Public Insurance (MPI)’s novel “time band” approach for insuring ridesharing companies backfired when Uber took a pass on the model recently. “This product structure differs greatly from insurance models in place across North America (including Ontario, Alberta and Quebec)…
Regulator weighs in on disputed ridesharing claims
December 20, 2017 David Gambrill, Editor-in-ChiefDisputes among Ontario auto insurers, arising from collisions involving vehicles used for multiple ridesharing providers, will likely be handled in the same way insurers handle priority disputes in accident benefits claims, Ontario’s insurance regulator told Canadian Underwriter Wednesday. Aviva Canada…
Province’s ridesharing law requires minimum policy limit
December 1, 2017 by Canadian UnderwriterSaskatchewan has introduced legislation allowing for ridesharing services to operate in the province, with an interesting insurance twist. The Vehicles for Hire Act requires the ridesharing company to file written evidence of a motor vehicle liability insurance policy with a…
Adjusters wonder how to verify ridesharing driver hours
November 24, 2017 Jason Contant, Online EditorVerifying the number of hours a driver uses ridesharing services such as Uber and Lyft could be problematic for underwriters and adjusters, one adjuster told Canadian Underwriter on Wednesday. “In the course of their investigation, an adjuster can ask, ‘How…
Saskatchewan taxi association urges consultation before adoption of ridesharing in the province
October 26, 2017 by Canadian UnderwriterThe Saskatchewan Taxi Cab Association (STCA) is calling on the province to “conduct real consultation” before allowing transportation network companies (TNCs) like Uber to operate in the province. In its Speech from the Throne on Wednesday, the provincial government said…