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Senate Insurance Committee concurs with Assembly amendments to SB 371, lowering rideshare uninsured/underinsured limits
Summary
The Senate Insurance Committee voted to concur in Assembly amendments to SB 371, authored by Senator Cabaldon, reducing uninsured/underinsured motorist coverage requirements for rideshare services and adding annual reporting requirements; the bill is linked to an Assembly bill on sectoral bargaining for drivers.
At a special meeting of the California State Senate Insurance Committee, members voted to concur in Assembly amendments to Senate Bill 371, the rideshare insurance reform authored by Senator Cabaldon. The amendments reduce the law's uninsured/underinsured motorist (UM/UIM) coverage levels for transportation network companies (TNCs) and add annual reporting and rider-fare transparency requirements.
The move aims to lower costs for rideshare users while preserving protections for drivers. “This is a huge win for affordability in California,” John Finley of Uber told the committee in support. Malcolm McFarland of Lyft said the measure “represents a historic compromise for Californians, strengthening affordability and protecting gig workers.”
Senator Cabaldon told the committee he focused his remarks on the assembly amendments and the need to rebalance costs…
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