Transportation
Sep. 27, 2014
Ride-sharing insurance paves the way
Assembly Bill 2293 requires transportation network companies to provide extended coverage for their drivers, and to encourage creation of specially tailored insurance products for the ride-sharing industry. It's a great start. By Tad Devlin and Sheila Pham
While transportation network companies (TNCs), often called "ride-sharing companies," such as Uber and Lyft have been successfully operating for several years, it was only a matter of time before the issues related to insurance coverage came to fore. This past New Year's Eve in San Francisco, an Uber driver fatally struck a 6-year-old girl as she was crossing the street in a crosswalk. After the driver tendered the clai...
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