Since Lyft launched in San Francisco in the summer of 2012, the ridesharing community has grown at a remarkable pace. From Miami to Modesto, Lyft drivers and passengers have sparked a transportation movement that is helping make city life safer, friendlier and more affordable.
Tonight, after making positive progress with local and state leaders, Lyft will launch in all five boroughs of New York City. We’ve finalized an agreement to offer immediate access to our friendly, affordable rides through a TLC-licensed model beginning at 7 p.m. Lyft will serve all corners of the city from Manhattan to Staten Island, starting with a limited beta launch and then a full rollout in coming weeks.
Today we agreed in New York State Supreme Court to put off the launch of Lyft's peer-to-peer model in New York City and we will not proceed with this model unless it complies with New York City Taxi and Limousine regulations.
In 2012, Lyft worked with insurance industry leaders to pioneer our $1M excess liability insurance coverage to protect our community members. We stand behind this policy that, from the beginning, was designed to drop down to the first dollar and act as primary in the case that a driver’s personal policy does not respond. Millions of rides later, the policy has worked as designed and provided excellent coverage for the community.
Lyft is proud of the safety and insurance innovations we've introduced to the ridesharing community. Strong background checks, 19-point vehicle inspections, real-time community ratings and a zero-tolerance policy for drugs, alcohol and violence mean that both passengers and drivers feel safe in our community. Insurance is another important part of the equation, and we wanted to add additional detail to conversations happening across the country about how insurance and ridesharing work.
In addition to the efficiency and affordability of the Lyft experience, we set a new standard for transportation safety compared to traditional alternatives. To highlight these improvements, we compiled research to compare safety measures among different transportation options.
Thanks to your continued support, more than 36,000 signatures were submitted to the city today, calling for a referendum on the recent ordinance that would severely limit ridesharing in Seattle. By helping cultivate more than double the 16,510 voter signatures needed to put this issue in the hands of voters, you have made it clear that your voice counts.
Since our launch nearly two years ago, we have worked to increase transportation safety by establishing unprecedented background check and driving record standards, creating accountability and trust through in-app feedback and pioneering first-of-its-kind insurance protection to cover both drivers and passengers. To provide more clarity around coverage for drivers and passengers on the Lyft platform, we created a graphic that clearly displays how and when the community is covered.
Today, we are thrilled to announce that the CPUC has issued Lyft a Transportation Network Company (TNC) Permit, which is valid until April 2017 and certifies Lyft as an official TNC in the state of California.
We are proud to support a newly formed coalition that has launched a referendum campaign to afford Seattleites the opportunity to have their voices heard directly – through their votes – so they cannot be ignored again.
We appreciate the thousands of community members who have expressed their support for keeping new transportation options in Seattle. The City Council’s current draft ordinance attempts to apply a regulatory structure from decades ago to a new model that simply does not work.
Today, we’d like to announce our part in the newly formed Peer-to-Peer Rideshare Insurance Coalition. This working group of transportation companies, regulators, insurance providers, and other stakeholders has come together to address how the insurance industry can continue evolving to support the growing peer-to-peer economy.