HyreCar Renews Auto Insurance with Y-Risk to Improve Economics and Add New Product Offerings
HyreCar Inc. (HYRE)
Last hyrecar inc. earnings: 3/25 04:10 pm
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Source: Business Wire
HyreCar’s Renewal Leverages Y-Risk’s new ownership by The Hartford, with Industry Leading Claims Handling, Enhanced Data, Analytics and Integrated Third Party Technology LOS ANGELES--(BUSINESS WIRE)-- HyreCar Inc. (Nasdaq: HYRE), the carsharing marketplace for ridesharing drivers, today announced that it has renewed its partnership with Y-Risk, LLC, a brand of The Hartford, to provide a comprehensive, multi-faceted liability insurance program. The renewed insurance program, which was previously underwritten by Y-Risk on behalf of AIG, now resides with The Hartford. This move was enabled by the acquisition of Y-Risk, which became part of The Hartford in December 2018, and has partnered with HyreCar since 2017. Working closely with Y-Risk to maximize efficiencies in its insurance program, HyreCar significantly reduced its costs, secured increased capacity and enhanced insurance features which allow
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