California Regulators Want Insurers to Speed Up Ridesharing Policies

See on Scoop.itCalifornia Car Accident and Injury Attorney News

The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer to ridesharing driver

Steven M. Sweat‘s insight:

The ride sharing phenomenon is apparently out ahead of rules necessary to protect consumers according to the California Public Utilities Commission. Ride sharing companies like Uber and Lyft operate by allowing drivers to pick up passengers through a request on a phone app.  California has already become the first state in the nation to require commercial auto insurance coverage for these carriers (known as “transportation network companies”).  However, there is still a question as to whether or not the driver’s personal auto insurance or the companies liability insurance policy should cover injury claims from traffic collisions that occur while the driver is “en route”.  California lawmakers are trying to address this issue.

Clicke here for more information on accident and injury auto insurance claims in California

See on www.insurancejournal.com

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