REGINA – Saskatchewan has approved ride-hailing regulations but it could be a while before companies and drivers hit the road in the province’s two biggest cities. Rules are to take effect on Dec. 14 but the minister responsible for Saskatchewan…
AURORA, Ont. – Auto parts manufacturer Magna International says it has struck a multi-year collaboration with rideshare company Lyft to jointly fund, develop and manufacture self-driving systems at scale Aurora, Ont.-based Magna says the co-developed self-driving systems could be used…
California-based Lyft is coming to Canada. Has the industry learned from Uber?
WINNIPEG – Manitoba’s Public Utilities Board has approved new insurance rates for ride-hailing company drivers that businesses such as Uber and Lyft have said will keep them setting up shop in Winnipeg. The board has given approval to a Manitoba…
Disputes 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…
Aviva Canada will be the official commercial automobile insurance provider for the California-based ride-sharing program Lyft, which is anticipated to start operations in Canada this month. Aviva will cover Lyft through a commercial insurance fleet policy. Coverage and limits vary,…
Verifying 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…
Given Lyft’s promised arrival in Canada by the end of the year, insurance coverage for the ride-sharing service remains a big question mark. “I am concerned because I have not yet heard that Lyft has contracted with anyone to provide…
TORONTO – Ride-hailing company Lyft is bringing its service to Canada. The company announced Monday that it is coming to Toronto in what will be its first expansion outside of the United States. “Our passports are packed and we’re crossing…
DETROIT – Lyft said Friday that it is setting up its own unit to develop autonomous vehicle technology, but its approach will be different from other companies and partnerships working on self-driving cars. The San Francisco-based ride-hailing service said it…
The move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based…
NEW YORK – Waymo, the self-driving car company owned by Google’s parent Alphabet Inc., and Lyft Inc. are teaming up to road test autonomous cars in a potential challenge to Uber Technologies Inc. In its statement, Lyft said Waymo holds…