Assembly committee advances SB 371 to cut rideshare uninsured/underinsured limits to $100K/$300K

Senate Bill 371, authored by Sen. Bill Cabaldon, cleared the Assembly Insurance Committee on a party-line vote after hour‑long testimony and questions. The bill would lower the specific uninsured/underinsured motorist (UIM) coverage that currently applies to rideshare companies and require additional data and review of the coverage levels.

Cabaldon, the bill’s author, told the committee that the current UIM limits were set “when the sector was brand new” and said the measure "replaces them ... with limits of a $100,000 per person, $300,000 per passengers in the vehicle" while adding transparency and study requirements. He framed the change as an affordability measure intended to reduce the portion of fares paid for government‑mandated insurance.

Ramona Prieto, director of public policy for Uber, testified in support and described the insurance pass‑through to riders: "In Los Angeles County, up to 45% of every fare goes to government mandated insurance, around 33% for the state of California." Prieto and Nick Johnson, Lyft’s public policy director, said the bill would not…