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Uber and Lyft withdraw opposition to auto insurance bill

September 1, 2014August 31, 2014 S.Vagus

Legislation in California aims to change the way insurance works for ride-share companies Ride-sharing companies Uber and Lyft have been working together to combat legislation in California that would make changes to the state’s auto insurance requirements. The two companies typically compete with one another quite aggressively, but have become allies because of this controversial legislation. The legislation in question, Assembly Bill 2293, aims to place higher insurance requirements on both companies and the drivers that they hire. Uber and Lyft believe that these higher requirements would have a negative…

Uber and Lyft fight auto insurance legislation

August 26, 2014August 25, 2014 S.Vagus

Ride-share companies continue to fight legislation that could have a severe impact on their business Ride-share companies Uber and Lyft are fighting legislation that could, essentially, ruin their business. Auto insurance is at the heart of the legislative battle that has been brewing in the ride-share sector for some time. Both Uber and Lyft have been the subject of criticism recently due to the way they handle insurance coverage for their drivers. The matter has become so problematic that government officials have introduced new legislation to address the issue. Legislation…