The British food delivery company Deliveroo will enrol its 35,000 riders into a new global insurance scheme that covers injuries sustained both on and off duty. The insurance scheme, which will be free to all couriers in 12 countries, is expected to cost the company almost £10m. CEO and founder of Deliveroo Will Shu said: “We know riders value the flexibility of being able to fit their work around their life, but they also deserve security if they’re involved in an accident.” “This insurance gives riders security whilst they’re out delivering great food and maintains the flexible work they value,” he said. Read more: Deliveroo: We're going on a hiring spree to keep up with growth The company announced in December 2017 its plans to provide its couriers with accident insurance, being among the first to do so within the on-demand industry. In case of accident, the insurance will cover medical expenses up to £7,500 and hospital benefit up to … [Read more...] about Deliveroo pledges to give their riders all over the world free accident insurance
Accident insurance company
Deliveroo introduces free accident insurance for riders
Deliveroo is to offer free accident insurance to all of its 35,000 riders. The UK company, which uses a network of gig economy couriers to deliver takeaway meals, said its insurance will cover £7,500 of medical expenses per rider and up to 75pc of gross average income. The insurance deal will cover Deliveroo workers when they are logged into the app and marked as available, as well as covering them for one hour when they are logged off. The cover will apply to all riders across the 12 markets the company works in. Deliveroo was the first company to offer special insurance to its riders last year, although Uber Eats now has a similar free package in its European markets. Will Shu, Deliveroo chief... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech networking … [Read more...] about Deliveroo introduces free accident insurance for riders
Should insurance companies directly control self-driving cars?
Would tomorrow's self-driving cars be safer if they were controlled by insurance companies? Would they get to market sooner?That's one potential reality being proposed by Oxbotica, an autonomous-vehicle startup that is looking at how tomorrow's automated vehicles gather and share data. Spun off from the University of Oxford, Oxbotica's co-founder and Oxford professor, Paul Newman, suggests that if tomorrow's self-driving cars are actively monitored and shaped by insurance companies, they could adjust vehicle behavior to account for nearby risk factors as they drive. In a new article by MIT Technology Review, Newman posits, "Insurers can adjust the envelope [in which a car can operate] to control the risk on the policy… the autonomy system has insurance built into it that allows it to control risk over a fleet."For example, a self-driving car's sensor array could detect an accident up ahead, and using vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2X) … [Read more...] about Should insurance companies directly control self-driving cars?
Your insurance company knows more about you than Facebook
Congress may have forced Mark Zuckerberg to reveal more about personal data gathered on Facebook (FB). But consider this: Your insurance company likely knows a lot more about you. Insurers' cache of private information includes credit reports, the market value of your home, age, marital status, education and, in the case of a life insurance policy, the status of your health. In fact, insurance companies know more than legal authorities can often obtain -- and insurance companies don't even have to issue warrants to get it. But insurers won't discuss this information or how it's used, instead saying it's proprietary and, if leaked, would give competitors an unfair advantage. "I doubt anyone fully grasps how much and what insurers have on us, how they obtain it and how they use it," said Bob Hunter, the director of insurance for the Consumer Federation of America. Insurers believe they're entitled to your private information because they offer products such as car … [Read more...] about Your insurance company knows more about you than Facebook
UK insurance company charges more based on email domain, first name
In the United Kingdom, hanging onto that ancient Hotmail email address from secondary school might be costing you more than just the respect of your more tech-savvy peers. British insurance company Admiral has admitted to charging drivers who sign up with a Hotmail email address upwards of 30 pounds more per year for car insurance than those who sign up with a Gmail address. They also were found to charge more for drivers named Mohammed, in a separate investigation by British news outlet The Sun, which begs the question, just how crazy are this company's actuarial tables? According to Admiral, it's not just @Hotmail that gets charged extra. It has found through research that drivers with certain email domain names are more accident prone, enough to justify the increased charge, in its opinion. The British Financial Conduct Authority isn't buying it and is investigating the Leicester-based firm as a response to The Sun's discoveries. The email address price difference is relatively … [Read more...] about UK insurance company charges more based on email domain, first name
Social media privacy: Insurance companies want access to your Facebook
Any town U.S.A. You walk into a store and notice someone you recognize, from Facebook. But you really don't know the individual; only online have you "met" that person. You have shared a note, or played a game on Facebook, Myspace, or other media website. You can choose to say hello or ignore them. That choice is up to you. Sometime in the future, you wind up in a car accident and suffer physical injuries that you decide can be claimed in a lawsuit against the insurance company. Now your friends on Facebook may not have any choice of getting to know you up close and in person. You may not even be aware that they are being questioned. Insurance companies are beginning to demand access to information about you and they do not want your explicit consent. In a Globe and Mail report, the insurance industry wants to use sites such as Facebook to collect and use background information collected to contradict any evidence you have used in your claim for damages. The first thing the … [Read more...] about Social media privacy: Insurance companies want access to your Facebook
Insurance companies ride shotgun as US gov green lights black box recorders in new cars
Well, OK, it’s not really new. Some automakers, like GM, have been recording consumer driving habits since the early 1990s. In fact, around 91 percent of all light-duty vehicles in the US currently contain data logging devices.Motor Authority is reporting the new National Highway Traffic Safety Administration (NHTSA) mandate, which has been approved by the White House, requires 100 percent of all new cars to incorporate data recorders in 2013.These new “black boxes,” which probably won’t be black or boxy, will measure 15 data points, including; brake pressure; speed; steering angle; and even seatbelt usage. What this data will be used for – and who will own this data – is presently unclear. Be sure law enforcement and insurance agencies will try their hardest to get a hold of the data.For now, this development shouldn’t represent any real change for consumers. In several years, however, it could. Insurance companies, in order to deny … [Read more...] about Insurance companies ride shotgun as US gov green lights black box recorders in new cars
Russian SberBank Helps Catch Pokémons And Offers Pokemon Go-Related Accidents Insurance
A stitch in time saves nine. To haphazardly ogle a screen and play Pokemon Go without regard for what is going on in the environment is a surefire method of inviting accidents into your life. Get In Stock Alerts on Twitter for SNES Classic, Switch and More It is not only an occupational hazard waiting to happen but also something which has finally managed to capture the imagination of insurance companies. The Russian SberBank, which is a large Moscow-based bank and life insurance company, has offered free accident-coverage to Pokemon Go players.These are the sort of dudes and lasses who visit PokeStops near the bank’s branches in the city that houses the Kremlin. The heads of the bank said that they noticed the worldwide spike in accidents and mishaps due to the game being played with such enthusiasm and carefree abandon.So they decided to do something about the unnecessary accidents that were a concomitant of getting lost within the context of the highly addictive … [Read more...] about Russian SberBank Helps Catch Pokémons And Offers Pokemon Go-Related Accidents Insurance
Spike in One-Car Accidents Rings in New Year
It doesn't take two to crash, at least on New Year's Day. New insurance data shows that single-vehicle accident claims jumped 30 percent last New Year's Day, and were the largest factor in a 25 percent jump in all auto claims on that day. Single-vehicle claims concern mishaps that occur when people cause accidents on their own, with no other car involved. That 30 percent jump in single-vehicle claims includes a 76 percent increase in single-vehicle rollovers and a 59 percent increase in single vehicles running off the road and striking an object, according to data from Progressive Insurance. Other claims showing increases for New Year's include single vehicles that swerved to avoid something and then hit an object (29 percent) and single vehicles striking an object in the road (1 percent). "We've all heard the phrase, 'I'm my own worst enemy,' and that phrase rings as true as ever on New Year's Day," said Maria Cashy, the claims customer-service process leader at Progressive. "The … [Read more...] about Spike in One-Car Accidents Rings in New Year
How Do I Buy Health Insurance for My Small Business?
Perhaps the most terrifying part of starting a new business is wondering how and if you’ll be able to provide health insurance for yourself and your employees. New health care legislation is expected to make it easier for small businesses to afford health insurance for the short term. However, finding the right insurance company can still be a challenge.If you decide to purchase small group health insurance , the first thing you should do is check with your state to determine the laws regarding what you are required to offer to your employees. While you are most likely not obligated to offer health insurance if you have fewer than 50 employees, you may find that having a health insurance package allows you to attract higher caliber employees.Offering health insurance does not mean that you are required to pay for it in its entirety.Most small businesses share the cost of health insurance with their employees and deduct the employees’ contributions from their … [Read more...] about How Do I Buy Health Insurance for My Small Business?