Insurance News - Thursday, November 27, 2014
Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Thursday, November 27, 2014:
- John Tory joins the Competition Bureau in speaking out against Toronto�s move to file an injunction in court against Uber ride-sharing service.
- A Toronto undercover investigation concluded that there are �real and urgent� safety problems with Uber, including issues with insurance coverage, driver screening and vehicle inspections.
- Meanwhile in California, ride-sharing service drivers from companies such as Uber and Lyft will soon be able to buy an amendment to their auto insurance coverage that will provide them with protection from the moment that they sign on and are waiting for a call to pick up a rider,
- Experts claim driverless cars could add $1.3 Trillion to U.S. economy from reduced accidents and productivity gains.
- Of course driverless cars could also open up employers to steal the last of your free time.
- Fraud has caused ridiculously high auto insurance rates in Detroit which now threatens the city's economic recovery by making it expensive for residents to stay in the city and discouraging newcomers.