Allstate Eyes Carshare Insurance Offerings

  • Natalie Mattila
  • May 31, 2017
Allstate Corp. is “researching” opportunities to offer carshare insurance coverage, as the auto insurance marketplace continues to evolve, Mobility Finance has learned. And, given the amount of time that it took Allstate to launch its rideshare insurance offering [just under 12 months], carshare coverage could be offered within a year. “We are looking into researching […]

Autonomous Cars Will Challenge Auto Insurers, but Will Not Eliminate Them

  • Emma Sandler
  • April 25, 2017
As the technology behind autonomous cars inches forward — and future possibilities evolve into probabilities, which ultimately become reality — so too does the dilemma facing auto insurers: They aren’t ready. Not today anyway, and that’s not to say they are not preparing. Insurers appear optimistic that they can adapt, and of the major challenges […]

CoverHound Joins Rideshare Insurance Market, Eyes Autonomous Cars Next

  • Emma Sandler
  • April 21, 2017
Online insurance comparison shopping platform CoverHound is joining in on the booming rideshare market, and eventually the autonomous vehicle insurance space as well, Mobility Buzz has learned. The platform partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for rideshare services like Uber and Lyft. The San Francisco, […]

Traditional Insurance Companies Need to Evolve for Mobility

  • Natalie Mattila
  • April 20, 2017
The traditional business days of car insurance are “numbered,” as the on-demand sharing economy continues to rise, Grayson Brulte, president of Brulte & Co., told Mobility Buzz, which is why several auto insurers are looking into rideshare coverage. And Slice Labs, an insurance startup, is no exception. Slice Labs developed a pay-per-use rideshare insurance app that […]

Breaking Tradition: How Mobility is Forcing Captives to Rethink Insurance

  • William Hoffman
  • March 9, 2017
There is a horror story floated by captives and whispered by worst-case scenario conspiracy theorists in which rideshare drivers lease vehicles, get into a car wreck, and their insurance doesn’t cover commercial activity, leaving the captive stuck with both the damages and a delinquent borrower. These claims aren’t totally unsubstantiated. Services such as Uber and […]
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