Senate Passes Revised Insurance Bill Now Backed by Uber, Lyft

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Ride-sharing companies reached agreement with state lawmakers on how much insurance and what kind of coverage the new transportation services should carry, the Los Angeles Times reports. The bill, which is expected to pass the Legislature this week, bans the use of a driver’s personal insurance when the driver is using the car for commercial purposes, but lowers the amount of insurance that was required in earlier proposals that Uber and Lyft strongly opposed.

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