Toyota Expanding Alliance With Uber
Posted on Aug 28, 2018 in Uncategorized | Comments Off on Toyota Expanding Alliance With Uber
A recent Los Angeles Times article provided details on the relationship between Toyota and Uber. Toyota is expanding an alliance with Uber by way of a new investment and a plan to get self-driving cars on the road, a person familiar with the matter said. The Japanese automaker will invest about $500 million in a deal that will value the ride-hailing company at $72 billion, said the...
Waymo and Uber Settle Trade Secret Lawsuit
Posted on Feb 9, 2018 in Uncategorized | Comments Off on Waymo and Uber Settle Trade Secret Lawsuit
On the fifth day of trial over alleged trade secret misappropriation, Waymo and Uber announced that they had reached a settlement, and the case was dismissed with prejudice. According to reports, as part of the settlement, Waymo obtained an equity stake in Uber, valued at approximately $245 million. The settlement encompasses both hardware and software trade secrets.
Waymo Must Show “Actual Use” In Trial Against Uber
Posted on Jan 5, 2018 in Industry News, Technology Impacting Auto Insurance | Comments Off on Waymo Must Show “Actual Use” In Trial Against Uber
U.S. District Judge William Alsup in the Northern District of California recently issued revised jury instructions in advance of the February trial between Waymo and Uber regarding trade secret misappropriation—specifically, the use of Waymo’s self-driving car technology. The proposed jury instructions require Waymo to prove actual use of the trade secrets, as opposed to merely proving...
New Regulations for Ride-Sharing in New York
Posted on Jun 8, 2017 in Industry News | Comments Off on New Regulations for Ride-Sharing in New York
New York’s Governor Cuomo has announced new regulations governing ride-sharing in the state. The regulations require that certain information be provided in the ride-sharing app to protect customers, including a photo of the driver, information about the vehicle, the vehicle’s license plate number, and the fare or estimated fare for the trip. To be licensed, ride-sharing companies must...
Dealing with Uninsured Drivers
Posted on May 3, 2017 in Insurance Regulation | Comments Off on Dealing with Uninsured Drivers
The problem of uninsured motorists is one that has plagued states and insurers since the first financial responsibility laws were enacted. States have attempted to address this problem through legislation and enforcement, but those actions have had limited success. For example, one research study indicates that “no pay, no play” laws banning uninsured drivers from suing for...
