• Insuring The Sharing Economy and FINTECH: The Exposures and Related Coverage Issues, Where Things Now Stand and Where They May Be Heading
  • August 7, 2017 | Authors: Todd D. Kremin; Peter J. Biging
  • Law Firms: Goldberg Segalla LLP - New York Office; Goldberg Segalla LLP - New York Office
  • Sharing economies, however you define them, are here to stay. They have grown from a relatively sociallyfocused open-sourced community of peer-to-peer based sharing of access to goods and services, to full- fledged multi-national businesses. The now-established organizations who pioneered the sharing and ondemand space have paved the way for new business entrepreneurs who conceive of novel ventures to capitalize on evolving technologies to enhance, and often disrupt, existing industries. While ride-sourcing, peer-to-peer travel accommodations (e.g. homesharing), and music sharing may have dominated the headlines, new services and platforms are frequently emerging. As people change the way they transact business across most industries, governments continue to struggle with regulation that keeps pace.