Uber Insurance Coverage for Liability
Uber’s valuation is $80-$90 billion despite slowing revenue and user growth and the loss of $1.8 billion last year alone when excluding certain business sales, according to its recent IPO filing with the Securities and Exchange … [Read More...] about Uber Insurance Coverage for Liability
Potential Clients in Grocery and Meal Delivery
Restaurants and grocers are experimenting with various methods of grocery and meal delivery to customers’ homes and offices, in part because these industries are not experiencing significant growth in foot traffic. Venture … [Read More...] about Potential Clients in Grocery and Meal Delivery
Lyft Insurance Strategy Revealed in IPO Filing
Lyft allots $863.7 million to a subsidiary for restricted reinsurance trust investments used to protect the company against liability claims. The disclosure is found in one short section of the S-1 initial public offering (IPO) … [Read More...] about Lyft Insurance Strategy Revealed in IPO Filing
Payless Panel Counsel Program Ends in Bankruptcy
Payless Holdings LLC, parent company of Payless ShoeSource Inc., filed for bankruptcy for the second time in two years on February 18, 2019. The company plans to close all 2,500 stores in North America and lay-off most of its … [Read More...] about Payless Panel Counsel Program Ends in Bankruptcy
Scooter Liability and Insurance Coverage
Startups such as Bird, Lime, Skip, Spin, and Scoot offering electric scooter-rental services have grown in popularity this past year, giving rise to scooter liability concerns. A scooter is classified as a light two-wheeled, open … [Read More...] about Scooter Liability and Insurance Coverage
