Insurance and the GIG Economy: The Repercussions of the Narrow Definitions Contained within the Limousine, Taxicab, and Transportation Network Company Act
In our modern society, the near-constant, rapid development of new technologies spurs new industries. Too often, the law has struggled to maintain pace with our technological advancements, sometimes even after these advancements have been widely adopted by society. Our failure to timely craft legislation that satisfactorily addresses these new technologies can not only hamper the economic expansion of these new industries, but may also lead to unnecessary litigation. An example of our inability to timely address new technologies is evidenced by the regulation of “transportation network companies” and their progeny in the State of Michigan.