Car Rental Co. sued for blocked insurance payments

By Sarah Jarvis (June 27, 2022, 4:59 p.m. EDT) — An investor in a company that allows car owners to rent their vehicles for ride-sharing services wants to inspect the company’s books and records at Delaware Chancery Court, for investigate whether he cut insurance claim payments through an adjuster founded by the rental company’s CEO.

Investor Allen J. Wiesenfeld alleged in a lawsuit filed Thursday that Los Angeles-based HyreCar Inc. had a large, undisclosed liability accumulation for unpaid insurance claims in a scheme that took place. collapsed when the company finally retained an insurance broker that was not controlled by HyreCar insiders.

HyreCar reported net losses of $9.3 million…

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