New law targets ride-share companies, requiring them to have more insurance coverage A new law in Texas will require drivers for both Lyft and Uber to have more auto insurance coverage. The law also applies to all Transportation Network Companies and is meant to address concerns regarding a gap in auto insurance for drivers. Previous to the law, drivers were required to have a minimum of $30,000 per person injured in an accident, $60,000 per accident, and $25,000 in property damage per accident. Typically, this degree of coverage was enough…
Read MoreNew law in Texas makes changes to auto insurance requirements
