Insurance is one of the largest expenses for ride-share companies, an issue that many analysts cite as a risk for the ride-share industry’s profitability. Photo via Uber. A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc. affiliate said that the risk of providing driver ride-hailing coverage had become too great and that… Continue reading Insurer Cuts Uber Ties, Deems Ride-Hailing Too Risky
Author: Auto Rental International Online News
Enterprise Honors Auction Achievement Members
Enterprise Holdings has a global network, operating in 100 countries and territories with more than 10,000 neighborhood and airport locations. Photo via Depositphotos. Enterprise Holdings is honoring 13 vehicle auction companies from across the country with its 2019 Auction Achievement Awards. The annual program recognizes Enterprise Holdings’ automotive auction partners for their exceptional services and support efforts to remarket… Continue reading Enterprise Honors Auction Achievement Members
Risk Theory Teams with MADIS for OEM Rental Car Insurance Programs
MADIS is led by Managing Director Sean Harrigan, a pioneer of insurance for the service rental car program industry and a long-time industry veteran. Photo courtesy of MADIS. Risk Theory, LLC, underwriter of open lot and garage package programs for independent agents, has expanded its offerings to include rental insurance programs for OEM’s, car rental franchises, franchised… Continue reading Risk Theory Teams with MADIS for OEM Rental Car Insurance Programs
Sixt Partners with Wizz Air
The cooperation between Sixt and Wizz Air applies worldwide at almost all of the airline’s destinations in 44 countries. Photo via Depositphotos. Sixt has signed a comprehensive partnership agreement with Wizz Air, one of Europe’s fastest growing airlines, and the leading low cost carrier in Central and Eastern Europe, and will act as the airline’s preferred… Continue reading Sixt Partners with Wizz Air
Green Motion Updates Website to Ease Rental Process
Green Motion announced today the launch of its brand new web eco-system. Designed to present a consistent user experience across all platforms and build on Green Motion’s continued drive to deliver openness, honesty, and transparency to the international car rental industry, the new web eco-system includes the universal roll out of their multi-product strategy. “As you will see… Continue reading Green Motion Updates Website to Ease Rental Process
Enterprise, Progressive to Provide Insurance to Veterans
Since the program began in 2013, more than 700 vehicles have been donated to veterans and their families. Photo via Depositphotos. In observance of Veterans Day, Enterprise Rent-A-Car is once again teaming up with Progressive Insurance for its annual Keys to Progress program. On Monday, more than 100 veterans will receive newly refurbished vehicles at events in over 60 locations nationwide.… Continue reading Enterprise, Progressive to Provide Insurance to Veterans
Scott Maybee Named New President of NextGear
In his new role, Maybee will report to Mark Bowser, executive vice president and CFO, Cox Automotive. Photo courtesy of Manheim. Scott Maybee has been named president of NextGear Capital. Maybee comes to NextGear from Manheim Northstar Minnesota, where he was general manager and responsible for all facets of the Minneapolis-based operation. Prior to joining… Continue reading Scott Maybee Named New President of NextGear
Hertz Grows Revenue, Income in Q3
Photo courtesy of Hertz. Hertz Global Holdings reported third quarter 2019 financial results today. For the third quarter 2019, total revenues were $2.8 billion, a 3% increase versus the third quarter 2018. Net income attributable to Hertz Global was $169 million compared to $141 million in the third quarter 2018. Adjusted Net Income for the… Continue reading Hertz Grows Revenue, Income in Q3
Enterprise Advocates for Pennsylvania P2P Carsharing Bill
The panel addressed a series of topics critical to airport operations, trends in transportation, and local legislative issues that will be addressed during the final months of this year’s legislative session. Photo via Depositphotos. Customers who rent vehicles in Pennsylvania are best served by marketplace parity and common-sense rules that treat all service providers the… Continue reading Enterprise Advocates for Pennsylvania P2P Carsharing Bill
Alexander, Konstantin Sixt Receive Digital Awards
At this year’s Digital Champions Awards in Cologne, an initiative of WirtschaftsWoche and Deutsche Telekom, Alexander and Konstantin Sixt were awarded the special prize “Digitisers.” The top-class jury honored the two brothers for the most outstanding digitalisation story in 2019. Nico Gabriel, Sixt’s divisional director of digital X, accepted the award from former boxing world champion… Continue reading Alexander, Konstantin Sixt Receive Digital Awards