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Regulation, insurance — even litigation — in today's growing sharing economy

Wednesday, November 08, 2017 @ 9:41 AM | By Jonathan Meadows and Daniel Reid

The growth of Uber, Lyft, Airbnb, VRBO and other ride-sharing or home-sharing platforms raises important questions about regulation and insurance. Existing regulations and traditional insurance products may not cover the “part-time” commercial activities offered by these platforms and, even where insurance coverage exists, it may be limited.

From its emergence in the late 2000s (Airbnb was founded in 2008, Uber in 2009), the sharing economy has grown to represent a significant portion of the economy. A 2014 study by PricewaterhouseCoopers estimated the sharing economy could comprise...