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Senate Insurance Committee concurs with Assembly changes to SB 371 to lower rideshare uninsured/underinsured coverage
Summary
The California State Senate Insurance Committee voted to concur in Assembly amendments to SB 371, a bill that reduces required uninsured/underinsured motorist coverage for transportation network companies and adds annual reporting requirements; passage is contingent on a linked Assembly bill enabling sectoral bargaining.
The California State Senate Insurance Committee voted to concur in Assembly amendments to SB 371, the rideshare insurance bill authored in the Senate by Senator Cabaldon, approving lower uninsured and underinsured motorist coverage limits and new reporting requirements for transportation network companies.
Senator Cabaldon, the measure's Senate author, said the bill is meant to reduce a major cost driver for rideshare fares and to help stabilize driver compensation. “The point of the bill is to make rideshare more affordable, substantially more affordable for Californians who rely on it every day,” Senator Cabaldon said, adding the assembly amendments “right‑size” coverage levels and add transparency and…
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