2014's 'insurance story of the year'? I'll give you 2 hints: Lyft and Uber

Ridesharing replaces e-cards as the hot insurance topic of the year.

By Jeffrey Brewer | Updated on September 05, 2014

Every year one story involving insurance seems to capture the public’s attention and this year that story was ridesharing.

The popularity of commercial ridesharing, which connects drivers and riders for a fare with the click of a button on a smartphone app, has skyrocketed across the country in recent years. However, transportation network companies like Uber and Lyft have not only “disrupted” the taxi’s traditional drive-for-hire business model, but have also presented challenges for policymakers and insurers who have a vested interest in protecting the public.

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